Oil Falls to Three-Month Low as U.S. Supply Gain Worsens Glut

Updated on
  • Nationwide crude inventories rose by 252,000 barrels last week
  • WTI dropped below $40 on Wednesday for first time since August

Oil Declines on U.S. Stockpiles Glut

Oil dropped to the lowest level in almost three months as government data showed U.S. crude inventories rose to the highest for this time of year since 1930.

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