Oil Futures Settle With Sharp Losses After Inventories Jump
April 08, 2015 at 14:43 PM EDT
NEW YORK )--Oil futures plunged Wednesday, ending sharply lower after U.S. crude-oil inventories jumped sharply in the week ended April 3. Nymex West Texas Intermediate crude for May delivery dropped $3.56, or 6.6%, to settle at $50.42 a barrel.
