Oil continues to decline"Brent" It falls to $73.34 per barrel

Capitals, June 25 / WAM / Oil prices continued to decline today, Thursday, approaching pre-war levels, in light of declining concerns about global supplies.

Brent crude futures for August delivery fell 40 cents, or 0.54%, to $73.34 a barrel by 0004 GMT, while US West Texas Intermediate crude fell 27 cents, or 0.38%, to $70.07 a barrel.

The two crude oil prices recorded sharp losses yesterday, Wednesday, as Brent crude fell by more than three dollars a barrel, while West Texas Intermediate crude fell by about three dollars upon settlement, with concerns about supplies receding.

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