CNBC | Oil plummets more than 3% as US crude stock draw disappoints CNBC The American Petroleum Institute (API) said its data showed U.S. crude stockpiles fell by 6.7 million barrels last week, declining for a seventh week in a row. Brent crude oil futures fell $1.71, or 3.5 percent, at $47.09 per barrel at 12:24 p.m. ET ... Oil Prices Turn Lower After Inventory Report Oil down 3 percent after US reports crude drawdown within forecasts MarketsOil turns negative after US crude stockpile report |