The Traderszone Network

Published in TZ Latest News 20 October, 2015 by The TZ Newswire Staff

Oil falls after industry report shows surge in U.S. crude stocks

Oil prices fell on Wednesday after data from an industry group showed a larger-than-expected build in U.S. crude inventories last week, fanning worries over global oversupply, even as a slightly weaker dollar provided some support. Brent crude for December delivery had fallen 14 cents to $48.57 a barrel by 1.03 a.m. ET after settling up 10 cents in the previous session. U.S. crude for December delivery dropped 27 cents at $46.02 a barrel after settling up one cent at $46.29.