BLBG: Oil Extends Decline After U.S. Reports Unexpected Increase in Crude Supply
Crude oil futures extended declines after the U.S. Energy Department said stockpiles climbed 616,000 barrels.
Crude oil for July delivery fell 53 cents, or 0.5 percent, to $99.06 a barrel at 10:31 a.m. on the New York Mercantile Exchange. Futures traded at $99.42 a barrel before the report was released at 10:30 a.m.
To contact the reporter on this story: Mark Shenk in New York at mshenk1@bloomberg.net
To contact the editor responsible for this story: Dan Stets at dstets@bloomberg.net.
