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Updated from 11:26 a.m. EDT
Shares of most integrated oil companies closed lower Wednesday despite a drop in weekly petroleum inventories.
The Amex Oil index closed down 2.9% to 933.14. Light, sweet crude oil futures for June closed down 82 cents to settle at $57.82 on the New York Mercantile Exchange.
For the week ended May 8, crude inventories fell by 4.7 million barrels, or 1.3%, to 370.6 million barrels, 17.6% above year-ago levels, the Energy Department's Energy Information Administration said. ...
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