Crude Oil Plunged Over -1% on Rising Supply

Energy prices fell on oversupply concerns. The front-month WTI and Brent crude contract plunged -1.55% and -1.37%, respectively, as market intelligence firm Genscape estimated that the stock in Cushing, Oklahoma rose +26.5K barrels last week. Fuel prices also declined with heating oil losing -1.4% while RBOB gasoline down -2.45%.

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Crude Oil Plunged Over -1% on Rising Supply