Oil Slides as U.S. Stockpiles Swell, Factory Orders Disappoint - Bloomberg:
Oil fell the most in a week amid reports of swelling crude stockpiles and disappointing economic activity in the U.S.
Futures declined as much as 3.6 percent on Monday in New York. Supplies at a key crude storage hub in Cushing, Oklahoma, jumped by almost 1 million barrels last week, data provider Genscape Inc. was said to report. Meanwhile, the U.S. government said factory orders unexpectedly fell in November, a warning sign for demand.
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