Oil settles at two-week low on surprise U.S. fuel stock rise

07.12.2017

U.S. crude on Wednesday slid nearly 3 percent on Wednesday, its biggest daily decline in more than two months, after a sharp rise in U.S. inventories of refined fuel suggested demand may be flagging, while U.S. crude production hit another weekly record.

U.S. gasoline stocks rose by 6.8 million barrels and...