The Traderszone Network

Published in TZ Latest News 19 August, 2015 by The TZ Newswire Staff

Crude Tumbles To 6-Year Low As Supplies Rise

Oil plunged to the lowest level in more than six years in New York after a government report showed that U.S. crude stockpiles unexpectedly increased. West Texas intermediate slipped 4.3%, the most in six weeks, after the Energy Information Administration said crude supplies rose 2.62 million barrels last week. An 820,000-barrel stockpile decline was projected by analysts surveyed by Bloomberg.

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