US crude futures plunge $2.20/bbl on feeding frenzy

摘要

HOUSTON (ICIS)--NYMEX WTI crude futures for November delivery settled at $70.97/bbl, down $2.20 on Thursday, in response to the weekly supply statistics from the Energy Information Administration (EIA) showing the third consecutive build in oil inventories. A substantial build at the inland Cushing, Oklahoma NYMEX delivery hub added to the bearish report.