• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Oil and Gas Market
    Oil and Gas News
    Oil and Gas Stocks
    • Oil and Gas Market
    • Oil and Gas News
    • Oil and Gas Stocks
    market news

    Oil Falls on Inventory Increase

    Charlotte McLeod
    Oct. 24, 2012 02:16PM PST
    Oil and Gas Investing

    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.

    united statesmarket news
    The Conversation (0)

    Go Deeper

    AI Powered

    Downward pressure on oil price

    Oil Falls for a Third Day on Ample U.S. Supplies, Demand Drop

    Latest News

    CHARBONE Announces Closing of Units for Debt Financing Totaling $0.5M

    CHARBONE annonce un financement de reglements de dettes par emission d'unites totalisant 0,5M$

    Norway Innovation Centre for Robotics and Prototype Tank

    Valeura Energy Inc. Announces Türkiye Joint Venture Agreement

    Angkor Resources Identifies Second Drill Target for Oil & Gas on its Block VIII, Cambodia

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
      • Electric Vehicles
    • Agriculture
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Energy
      • Uranium
      • Oil and Gas
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Robotics
      • Crypto
      • Cleantech
    Life Science
      • Biotech
      • Cannabis
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES