Crude Falls Most Since 2008 On OPEC-U.S. War

Investor's Business Daily - Investing RSS http://ift.tt/1xAAFgH Oil capped the biggest annual decline since the 2008 global financial crisis as U.S. producers and the Organization of Petroleum Exporting Countries ceded no ground in their battle for market share amid a supply glut. The U.S. benchmark ended at a five-year low Wednesday, capping a 46% drop in 2014, as stockpiles of crude oil and gasoline reached seasonal record highs and as OPEC produced more than its quota in December for a