Oil News

Crude Oil drops as demand dwindles and inventories increase

Crude Oil drops as demand dwindles and inventories increase

Oil declined after the American Petroleum Institute said gasoline supplies rose 767,000 barrels to 212.4 million last week

Crude oil fell, as equities slumped and an industry report showed an increase in U.S. fuel inventories. Oil declined after the American Petroleum Institute said gasoline supplies rose 767,000 barrels to 212.4 million last week.