On July 16, international oil prices fell to close at $40.75 a barrel in New York

New York, July 16 (Xinhua) --International oil prices fell 16th.

     Light crude for August delivery fell 45 cents, or 1.09 percent, to settle at $40.75 a barrel on the New York Mercantile Exchange. Brent crude for September delivery in London fell 42 cents, or 0.96 per cent, to $43.37 a barrel.