Thursday 22 June 2017

Stocks fall as oil tumbles again

Markets fell on Wednesday.

The S&P 500 fell 0.1 percent, the STOXX Europe 600 fell 0.2 percent and the Nikkei 225 fell 0.5 percent.

Stock markets were weighed down by another decline in oil prices on Wednesday. West Texas Intermediate fell 2.3 percent and Brent fell 2.6 percent.

Oil fell despite the US Energy Information Administration reporting on Wednesday that domestic crude supplies fell by 2.5 million barrels for the week ended 16 June, as the report also showed that weekly domestic production rose by 20,000 barrels to 9.35 million barrels a day.

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