Crude inventories increased by 3.8 million barrels, or 0.4 percent, to 381.4 million barrels, which is 10.3 percent above year-ago levels, the Energy Department's Energy Information Administration said in its weekly report.
Oil production held steady at around 7.1 million barrels a day. That's up about 22 percent from a year ago.
Crude down to $89.70 based on this news.
I think the young people enjoy it when I "get down," verbally, don't you?