After two consecutive day of price gains, crude oil dropped Wednesday, largely due to an increase in U.S. crude inventories. The increase was more than expected as refining activity rebounded, according to Reuters.
West Texas Intermediate crude fell 97 cents or 1.35% to $70.77 a barrel on the New York Mercantile Exchange.
Brent crude finished down $1.08 or 1.42% to $74.96 a barrel.
Wednesday proved to be another down day for Oklahoma energy stocks as only a few companies recorded gains for the day.
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