Oil Drops as U.S. Inventories Build Up - News Summed Up

Oil Drops as U.S. Inventories Build Up


Oil prices fell on Wednesday, as inventory data showed an increase in crude stockpiles and growing U.S. production. Light, sweet crude for December delivery lost 32 cents, or 0.6%, to $55.38 a barrel on the New York Mercantile Exchange, on track to close at a one-week low. Brent, the global benchmark, fell 32 cents, or 0.5%, to $61.89 a barrel.


Source: Wall Street Journal November 15, 2017 10:30 UTC



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