Global Oil Prices Fall To 11-Year Low
Global oil prices dropped again, falling to an 11-year low on Wednesday as investors worried about weak demand for refined petroleum products. New government data show U.S. stockpiles of gasoline and distillates, including diesel fuel and heating oil, soared in recent days, offsetting a decline in crude supplies. Taken together, crude and refined products are now at a record high, and that glut is driving retail prices lower.
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