CNBC | US oil settles down 71 cents, or 1.81%, at $38.60 a barrel CNBC Oil closed lower on Wednesday after U.S. gasoline stocks rose more than expected, compounding negative sentiment after worldwide falls in equities that helped drag fuel prices to 6-1/2-year lows. U.S. crude stocks fell sharply last week as imports ... Oil Prices Fall on Less Gas Demand, Growing Glut Oil dips as gasoline build offsets big US crude draw Oil closes lower as global fears outweigh inventory draw |