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Oil sinks to four-month low; gold, silver slip

Price of crude oil sinks to the lowest in nearly 4 months on ample supplies; Metals slip

Oil sinks to four-month low; gold, silver slip

NEW YORK (AP) -- The price of oil is the lowest since late June on ample U.S. supplies and poor demand.

Precious metals edged lower and crop prices rose.

Crude for December delivery fell $1.44 to $96.86 a barrel in New York Wednesday. Oil has fallen 5 percent over the last week.

The government reported that U.S. crude oil inventories rose by 5.2 million barrels over the past week.

Gold for December delivery fell $8.60 to $1,334 an ounce. Silver fell 17.3 cents to $22.617 an ounce.

In agricultural futures, December corn rose 4.5 cents, or 1 percent, to $4.4275 a bushel. November soybeans rose 7.75 cents, or 0.6 percent, to $13.10 a bushel and December wheat edged up 1 cent to $7.0175 a bushel.


Updated : 2021-03-02 03:45 GMT+08:00