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Oil Prices Lower on Concerns About US Drilling, Gasoline Glut

November 30,-0001 00:00

NEW YORK—Oil prices tumbled Tuesday as traders worried about an uptick in U.S. drilling activity and a global glut of gasoline. The U.K.'s vote to exit the European Union also continued to roil global markets, prompting investors to sell risky assets ...and more »



NEW YORK—Oil prices tumbled Tuesday as traders worried about an uptick in U.S. drilling activity and a global glut of gasoline. The U.K.’s vote to exit the European Union also continued to roil global markets, prompting investors to sell risky assets like commodities in favor of safe-haven bets like Treasury bonds. U.S. crude for August...

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