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NEW YORK (Dow Jones)--Crude futures plunged nearly 3% Wednesday as U.S. oil product inventories rose and oil consumption remained weak. Light, sweet crude for January delivery settled $1.95, or 2.7%, lower at $70.67 a barrel on the New York Mercantile Exchange, the lowest level since Oct 7. Brent crude on the ICE futures exchange closed $2.80, or 3.7% lower, at $72.39 a barrel.
Full Story: OIL FUTURES: Oil Plunges On US Stock Build, Demand Worries - Wall Street Journal
NEW YORK (Dow Jones)--Crude futures plunged nearly 3% Wednesday as U.S. oil product inventories rose and oil consumption remained weak. Light, sweet crude for January delivery settled $1.95, or 2.7%, lower at $70.67 a barrel on the New York Mercantile Exchange, the lowest level since Oct 7. Brent crude on the ICE futures exchange closed $2.80, or 3.7% lower, at $72.39 a barrel.
Full Story: OIL FUTURES: Oil Plunges On US Stock Build, Demand Worries - Wall Street Journal
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