Oil futures tumbled on data

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Source: Marketwatch
Crude oil futures tumbled on Wednesday, as stockpiles rose unexpectedly. Crude with September contract erased 0.2%, to $93.26 per barrel, after jumping 0.8% on Tuesday. The American Petroleum Institute's report showed that inventories added 2.8 million-barrel, while experts predicted a decline. At the same time, gasoline stockpiles dropped by 2.3 million barrels, pushing gasoline for September delivery higher by 0.8%, to $3.02 per gallon.
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Wed, 15 Aug 2012 19:01:32 GMT

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