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Oil falls on indications for U.S. supply build, draws closer to bear territory - MarketWatch
Oil falls on indications for U.S. supply build, draws closer to bear territory  MarketWatch

FUTURES MOVERS By Myra P. Saefong, Rachel Koning Beals Getty Images Oil prices fell Wednesday, again threatening a return to bear-market territory as U.S. data hinted at a supply build and with futures unable to extend Tuesday’s recovery session, which came as the stock market soared. West Texas Intermediate crude for July delivery (CLN19) slipped 56 cents, or about 1.1%, at $52.92 a barrel on the New York Mercantile Exchange. A settlement at or below $53.04 for the front-month contract would mark WTI’s entry into a bear market, according to Dow Jones Market Data, defined as a drop of 20% o...

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