OIL FUTURES: Crude Drops Below $100/Bbl On Rise In Oil Stocks - Wall Street Journal

NEW YORK (Dow Jones)--Crude futures fell below $100 a barrel Thursday after a government report showed U.S. stockpiles of oil and gasoline rose last week.

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Light, sweet crude for July delivery recently traded $1.53, or 1.5%, lower at $98.76 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange traded 39 cents lower at $113.13 a barrel. U.S. oil stockpiles rose by 2.9 million barrels in the week ended May 27, according to data released Thursday by the Department of Energy. Analysts had expected stocks would fall, according to a Dow Jones ...

OIL FUTURES: Crude Drops Below $100/Bbl On Rise In Oil Stocks - Wall Street Journal