Crude Oil Prices Slumped to Lower End of Recent Ranges, amidst Concerns over US Supply

Stock build in US oil inventory dragged down crude oil prices, sending both benchmarks over -5% lower for the day. The front-month WTI contract plunged to a 3-month low of 50.05 before settling at 50.28, down -5.38%. The Brent crude contract fell to as low as 52.93 before ending the day at 53.11, down -5.03%. This also caused the decline in energy shares which in turned led Wall Street down for a third consecutive day. <div class="feedflare"><a href="http://feeds.feedburner.com/~ff/OngFocus?a=4TRFdvvdin4:bbZsURGjJ-E:yIl2AUoC8zA"><img border="0" src="http://feeds.feedburner.com/~ff/OngFocus?d=yIl2AUoC8zA" /></a> <a href="http://feeds.feedburner.com/~ff/OngFocus?a=4TRFdvvdin4:bbZsURGjJ-E:V_sGLiPBpWU"><img border="0" src="http://feeds.feedburner.com/~ff/OngFocus?i=4TRFdvvdin4:bbZsURGjJ-E:V_sGLiPBpWU" /></a> <a href="http://feeds.feedburner.com/~ff/OngFocus?a=4TRFdvvdin4:bbZsURGjJ-E:F7zBnMyn0Lo"><img border="0" src="http://feeds.feedburner.com/~ff/OngFocus?i=4TRFdvvdin4:bbZsURGjJ-E:F7zBnMyn0Lo" /></a> <a href="http://feeds.feedburner.com/~ff/OngFocus?a=4TRFdvvdin4:bbZsURGjJ-E:qj6IDK7rITs"><img border="0" src="http://feeds.feedburner.com/~ff/OngFocus?d=qj6IDK7rITs" /></a> <a href="http://feeds.feedburner.com/~ff/OngFocus?a=4TRFdvvdin4:bbZsURGjJ-E:l6gmwiTKsz0"><img border="0" src="http://feeds.feedburner.com/~ff/OngFocus?d=l6gmwiTKsz0" /></a> <a href="http://feeds.feedburner.com/~ff/OngFocus?a=4TRFdvvdin4:bbZsURGjJ-E:gIN9vFwOqvQ"><img border="0" src="http://feeds.feedburner.com/~ff/OngFocus?i=4TRFdvvdin4:bbZsURGjJ-E:gIN9vFwOqvQ" /></a></div> <img alt="" height="1" src="http://feeds.feedburner.com/~r/OngFocus/~4/4TRFdvvdin4" width="1" /><br /> <br /> from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/crude-oil-prices-slumped-to-lower-end-of-recent-ranges-amidst-concerns-over-us-supply--2017030934346/

Crude Oil Prices Slumped to Lower End of Recent Ranges, amidst Concerns over US Supply

Stock build in US oil inventory dragged down crude oil prices, sending both benchmarks over -5% lower for the day. The front-month WTI contr...

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