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    market news

    Oil Falls as US Fuel Inventories Rise

    Investing News Network
    Jan. 09, 2013 04:13PM PST
    Oil and Gas Investing

    Reuters reported that oil prices went down Wednesday as U.S. fuel stocks went up. Gold and natural gas are also slipping.

    Reuters reported that oil prices went down Wednesday as U.S. fuel stocks went up. Gold and natural gas are also slipping.

    As quoted in the market news:

    Oil’s benchmark Brent crude in London closed down 18 cents at $111.76 a barrel. The market turned negative after data from the U.S. Energy Information Administration showed gasoline inventories rose 7.4 million barrels last week.

    Click here to read the full Reuters report.

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