Oil Falls More Than 3 Percent on Supply Increase

- October 26th, 2011

AFP reported that oil prices declined more than 3 percent after reports confirmed that supplies rose more than expected.

AFP reported that oil prices declined more than 3 percent after reports confirmed that supplies rose more than expected.

As quoted in the market news:

The Department of Energy reported an increase of 4.7 million barrels in the nation’s storage tanks last week.

Click here to read the full AFP report

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