7.42%C 4.71 26.41%XLF 9.39 10.74%
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NEW YORK - Oil prices are falling after the government reported that the nation's crude and gasoline stockpiles were higher than expected last week.
| USO | 39.55 |  -3.71 |
The Energy Department said oil inventories rose by 5.7 million barrels, nearly four times what analysts expected. Gas supplies rose by 800,000 barrels. Analysts had expected gasoline stockpiles to fall.
Light, sweet crude for June delivery is down 49 cents at $121.35 a barrel on the New York Mercantile Exchange.
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