Oil Dropped $2.54 as U.S. Stockpiles Rose

Bloomberg reported that oil dropped $2.54, or 2.4 percent as U.S. stockpiles rose the most since 2008.

As quoted in the market news:

Crude oil for May delivery dropped $2.54, or 2.4 percent, to $101.47 a barrel on the New York Mercantile Exchange, the lowest settlement since Feb. 14. Prices have increased 2.7 percent this year.

Click here to read the full Bloomberg report.