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Oil Tumbles After Inventory Build

Stock quotes in this article: USO , XOM , OIL , RDS.A , RRC , WLL  

Updated from 2:14 p.m. EST

Oil prices fell again Thursday and neared the psychologically important $50 level following news of higher inventories in the U.S.

Front-month crude contracts closed down $1.76 to $50.48 a barrel on the New York Mercantile Exchange, and other key products in the energy space were lower, as well. Heating oil was down 3 cents at $1.47 a gallon, while gasoline was lower by 2 cents to $1.36 a gallon.

Natural gas was the one riser, gaining 9 cents to $6.32 per million British thermal units. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.31
Oil *
77.12
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.48
10 Yr
3.23%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
-1.46%
Data delayed 20 minutes

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