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Oil Falls to Lowest Daily Drop in 5 Months, US Crude Inventories Reach Highest Since 1990
Apr. 03, 2013 05:04PM PST
Oil and Gas InvestingReuters reported that oil prices dipped 3%, its lowest daily drop in 5 months, as crude inventories in the US reach their highest levels since 1990 according to the EIA.
Reuters reported that oil prices dipped 3%, its lowest daily drop in 5 months, as crude inventories in the US reach their highest levels since 1990 according to the EIA.
As quoted in the market news:
Brent crude oil for May delivery settled down $3.58 at $107.11 a barrel, the biggest one day percentage fall since Nov. 3. During the session, Brent prices hit a four-month low of $106.78 a barrel.