Chron.com | Oil falls as supplies, demand worries grow Chron.com Oil prices took a beating Wednesday after U.S. crude stockpiles showed a significant increase last week, adding to concerns about a slowdown in global demand for oil. The U.S. benchmark, West Texas Intermediate, closed at $69.75 in New York, dropping ... Oil prices down more than 2% in morning trade Oil tumbles below $70, hits lowest level in nearly a month |