Oil Falls to Three-Month Low After Surprise U.S. Stockpile Gain

  • Nationwide U.S. inventories rose for first time in two months
  • WTI down about 20 percent from June peak, nearing bear market

Morse: Oil Price Range Unsustainable to Meet Demand

Oil fell to a three-month low, edging closer to a bear market, after U.S. crude supplies unexpectedly rose from what was already the highest seasonal level in at least two decades.

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