Crude-oil extends fall in Asia trading hours - MarketWatch

HONG KONG (MarketWatch) — Crude-oil prices added to losses in Asian trading hours Thursday after U.S. figures showed higher-than-expected weekly inventories as well as a weakness in economic data on payrolls and the services sector.

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Stocks fell today, pressured by disappointing economic data, weaker commodity prices and lackluster earnings reports. Kristina Peterson has details. Plus, Chinese social network Renren sees its shares soar in their U.S. debut. The decline came on top of a loss of $1.81, or 1.6%, in regular New York trading, after an Energy Information Administration report showed crude-oil inventories rose 3.4 million barrels for the week ended April 29, double the 1.7 million barrels expected in a Platts poll of analysts.

Crude-oil extends fall in Asia trading hours - MarketWatch