Why are oil prices falling, again?

One reason is that the largest consumers of crude oil, the United States, is increasing its stockpile.

Jun 13, 2019

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Oil pumpjacks in the Permian Basin oil field are getting to work as crude oil prices gain.
Spencer Platt | Getty Images — **Oil pumpjacks in the Permian Basin oil field are getting to work as crude oil prices gain. Spencer Platt | Getty Images**

Crude oil prices are falling, again.

On Wednesday, U.S. West Texas Intermediate crude futures plunged $2.13 to $51.15 per barrel, tumbling 4% on the day to a new five-month low. Brent crude, the international benchmark for oil prices, f…

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