Oil prices tumble again on US surprise supply jump
Light, sweet crude for August delivery is down $6.44 at $132.30 a barrel in morning trading on the New York Mercantile Exchange.
The Energy Information Administration reported U.S. crude oil supplies jumped by 3 million barrels last week. That is the opposite of the 3 million barrel decline analysts surveyed by energy research firm Platts expected.
Gasoline supplies also jumped unexpectedly.
AP
7/16/8
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