Oil Prices Plunge as Stockpiles Jump


Crude slides to lowest close since June as fuel inventories reach seven-month record

Oil prices fell to their lowest level in nearly seven weeks Wednesday as total U.S. stockpiles of oil and fuel hit a seven-month high and U.S.-China trade tensions escalated.

Light, sweet crude for September delivery slid 3.2% to $66.94 a barrel on the New York Mercantile Exchange. That was its lowest close since June 21. Brent crude, the global benchmark, also fell 3.2%, to $72.28 a barrel…

Oil Prices Plunge as Stockpiles Jump

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