Oil Dropped 78 Cents Due to Crude Oil Inventories Rise

Reuters reported that oil dropped 78 cents due to an increase in crude oil inventories.

As quoted in the market news:

U.S. crude oil for April delivery was down 78 cents at $105.77 a barrel by 1:25 p.m. EST (1825 GMT), after earlier falling to a session low of $104.84. Losses have extended from Friday’s intraday high of $109.95, the highest since May.

Click here to read the full Reuters report.