Oil Falls to Lowest Daily Drop in 5 Months, US Crude Inventories Reach Highest Since 1990

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.

Click here to read the full Reuters report.