Oil falls to the lowest since August 22 - ConsultFX

Oil falls to the lowest since August 22

WTI crude down 2% Oil is down for the fourth day and has fallen $1.42 to $67.29 today. The decline has accelerated after weekly US oil inventory data. Inventories are tight and the crude data was tighter than expected but a surprise build in gasoline and distillates set of some modest initial selling that has spiraled. The poor