Oil prices fall as supplies grow

Oil prices climbed for a third day Wednesday as fears deepened that Tropical Storm Gustav could enter the Gulf of Mexico as a powerful hurricane and disrupt oil and natural gas production.

March 28, 2012 11:45:37 AM PDT
Oil prices dropped 2 percent Wednesday amid indications that Western nations may be considering a release of oil reserves onto the world market. In the U.S., the supply of oil is already ample, and growing.