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U.S. oil reserves take a dip

The United States' crude oil supplies declined by 500,000 barrels, or 0.1 per cent, to 364.7 million barrels, which is 8.4 per cent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.

The United States' crude oil supplies declined by 500,000 barrels, or 0.1 per cent, to 364.7 million barrels, which is 8.4 per cent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.