Wall Street Journal (subscription) | Oil Falls as Production Increase Outweighs Stockpile Decline Wall Street Journal (subscription) Oil prices turned lower Wednesday as data showing an increase in U.S. oil production outweighed the largest weekly decline in oil stockpiles this year. U.S. crude futures fell 35 cents, or 0.74%, to $47.20 a barrel on the New York Mercantile Exchange. Feds to sell 14 million barrels from oil reserve Oil moves lower as US supplies drop a seventh week, but output hits 2-year high Oil Slips as Rising Production Outweighs Shrinking US Supplies |