Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.
Articles Tagged "levels"
U.S. crude oil futures were steady at higher levels late on Tuesday, after the industry group American Petroleum Institute announced rise in domestic crude stocks last week that was less than expected. For more information, click here