Published February 4, 2015 2:47pm EST | Updated May 21, 2015 1:28pm EDT

Oil Drops Nearly 9%, Marks First Loss In Five Sessions

Oil futures dropped nearly 9% on Wednesday to log their first loss in five trading sessions. Weekly U.S. crude supplies climbed by a bigger-than-expected 6.3 million barrels, according to government data. March crude shed $4.60, or 8.7%, to settle at $48.45 a barrel on the New York Mercantile Exchange.