Oil Falls as US Fuel Inventories Rise

- January 9th, 2013

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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