Oil prices fell Wednesday to settle at their lowest level in nearly two weeks. The Energy Information Administration reported that U.S. crude supplies rose unexpectedly, for a second week in a row. Total U.S. crude production, meanwhile, rose to nearly 9.65 million barrels a day for the week ended Nov. 10. That was the largest average weekly output on record at the EIA, based on data going back to 1983. December West Texas Intermediate crude fell 37 cents, or 0.7%, to settle at $55.33 a barrel on the New York Mercantile Exchange.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News