BY DAVID BIRD NEW YORK – Crude-oil futures tumbled Thursday under the weight of rising U.S. inventories and sluggish demand.
At noon, light, sweet crude oil for November delivery was down $2.72, or 3.9%, at $66.25 a barrel, after earlier moving in a range of $68.02 to $68.77 a barrel. The overnight low was the weakest level since Sept. 14. Weaker U.S. stocks and a rebound for the dollar had a negative impact on crude prices. A bearish mood continued to dominate after a near 4% selloff in crude futures Wednesday spurred by an across-the-board rise in oil stockpiles and a deep drop ...
Full Story: Oil Prices Sink Below $67 - Wall Street Journal
At noon, light, sweet crude oil for November delivery was down $2.72, or 3.9%, at $66.25 a barrel, after earlier moving in a range of $68.02 to $68.77 a barrel. The overnight low was the weakest level since Sept. 14. Weaker U.S. stocks and a rebound for the dollar had a negative impact on crude prices. A bearish mood continued to dominate after a near 4% selloff in crude futures Wednesday spurred by an across-the-board rise in oil stockpiles and a deep drop ...
Full Story: Oil Prices Sink Below $67 - Wall Street Journal
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