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The Wall Street Journal reported that the news that United States crude stockpiles rose to 375 million barrels last week — the largest recorded increase for this time of year — brought US crude futures a three-month low.
The Wall Street Journal reported that the news that United States crude stockpiles rose to 375 million barrels last week — the largest recorded increase for this time of year — brought US crude futures a three-month low.
As quoted in the market news:
Light, sweet crude for December delivery settled 94 cents, or 1.1%, lower at $85.73 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange traded 40 cents lower at $107.85 a barrel.
Click here to read the full report from The Wall Street Journal.