Oil prices plunged toward a one-month low Thursday due to surging U.S. oil inventories and declines on Wall Street that are sparking aversion to riskier assets such as crude oil and other commodities. West Texas Intermediate futures, the U.S. oil benchmark, was 3.7% lower at $61.27 a barrel. Brent crude, the global oil benchmark, fell 3% to $70.02 a barrel.

Source: Wall Street Journal May 02, 2019 14:03 UTC