NEW YORK, Oct. 30 (UPI) -- The price of crude oil dropped to less than $97 per barrel in New York Wednesday as a weekly inventory report noted a high supply build up in the week.
The Energy Information Administration said crude oil supplies rose by 4.1 million barrels in the week to 383,9 million barrels, the second consecutive week of a large inventory gain with supplies above the upper range for this time of year.