—Oil prices fell sharply Wednesday after U.S. oil inventories rose to their highest level since July 2017 and domestic oil production neared a record, sparking fears of another supply glut. —West Texas Intermediate futures, the U.S. oil benchmark, ended 2.7% lower at $61.42 a barrel on the New York Mercantile Exchange. It was the lowest closing price since May 13, though prices had fallen toward their lowest since March 29 at one point during the session.

Source: Wall Street Journal May 22, 2019 15:52 UTC