Crude Declines for First Day in Four on Rising Stockpiles
This article is for subscribers only.
Oil declined for the first time in four days amid signs of increasing supply in the U.S. and speculation that western countries may tap emergency reserves.
New York futures slipped as much as 1.2 percent before a government report that may show inventories rose to a six-month high last week. Prices also declined after French Industry Minister Eric Besson said the U.S. proposed releasing oil from strategic reserves to curb rising prices.