Crude oil prices dips.... despite resumption of Washington's sanctions on Iran.
At the market close on Wednesday,.... the December futures for West Texas Intermediate Crude.... was trading at.... 61-point-6-7 U.S. dollars per barrel, its lowest in eight months,.... after falling Point-nine percent from the previous day.
January futures for Brent Crude also fell slightly to 72-point-Oh-seven.
The decline is mainly attributed to an increase in America's oil production.
According to the U.S. Energy Information Administration.... the country's crude inventories went up by 5-point-8 million barrels last week... and overall production reached a new weekly record of 11-point-6 million barrels a day.