Oil Falls to 8-Week Low Amid Rising U.S. Inventories

Bloomberg reported that oil fell to its lowest in eight weeks as supplies rose and as an Italian political stalemate stirred concern that the debt crisis in Europe may worsen.

As quoted in the market news:

West Texas Intermediate declined 0.5 percent as supplies probably climbed to a seven-month high last week, a Bloomberg survey showed before government data tomorrow.

Click here to read the full Bloomberg report.