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Crude Declined 1.5% Over More Than Normal Supply Gain
Apr. 18, 2012 03:46PM PST
Oil and Gas InvestingBusiness Week reported that crude declined 1.5% after the U.S. Energy Department reported more than normal supply gain.
Business Week reported that crude declined 1.5% after the U.S. Energy Department reported more than normal supply gain.
As quoted in the market news:
Prices dropped 1.5 percent after the government said oil inventories rose 3.86 million barrels in the week ended April 13, more than double the increase forecast in a Bloomberg survey of analysts.