Oil Falls 0.2 Percent on U.S. Stockpiles Concern

Bloomberg reported that oil dropped 0.2 percent on concern over oil demand amid growing U.S. crude stockpiles and continuing concern over Greece’s debt crisis.

As quoted in the market news:

Futures were little changed after falling 0.2 percent yesterday. U.S. inventories climbed 2.9 million barrels last week, the industry-funded American Petroleum Institute said after the settlement.

Click here to read the full Bloomberg report.