Oil Tumbles From 11-Week High as U.S. Reports Drop in Consumer Confidence

Crude oil tumbled the most in more than three weeks in New York after the Conference Board reported confidence among U.S. consumers fell, a sign that economic growth and energy demand may be restrained.

Oil lost as much as 2.7 percent as the confidence index declined to the lowest level in five months. The gauge was at 50. ... Read full article