(wire)
Oil hovers near $76/barrel
The price per barrel for oil this morning dropped more than one dollar and hovered near $76 on the New York Mercantile Exchange.
This decline came amid the U.S. Energy Information Administration having reported that crude stockpiles climbed 7.31 million barrels the week previous -- a figure compared with estimates of a 1.6 million barrel rise.
And finally, the Administration also says gasoline and distillate stocks rose, though not as much as had been projected.
This decline came amid the U.S. Energy Information Administration having reported that crude stockpiles climbed 7.31 million barrels the week previous -- a figure compared with estimates of a 1.6 million barrel rise.
And finally, the Administration also says gasoline and distillate stocks rose, though not as much as had been projected.
