Oil drops 1% as U.S. stockpiles sap rally
Oil prices fell on Wednesday after industry data showed crude oil stockpiles rose more than expected and fuel inventories increased unexpectedly last week in the United States, the world`s largest oil consumer
Crude oil inventories rose by 2.3 million barrels in the week ending Oct. 22, market sources said late on Tuesday, citing American Petroleum Institute figures. Source: Reuters