General World News

Oil Falls To $34; U.S. Stockpiles At Record High

Oil dropped below $34 a barrel in New York after U.S. gasoline inventories surged the most in 22 years and crude supplies at the American hub climbed to a record. Brent oil fell to an 11-year low in London as West Texas intermediate tumbled to a seven-year low in New York. Gasoline stockpiles rose 10.6 million barrels last week, the most since May 1993, government data show. Crude inventories in Cushing, Okla., the delivery point

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