Take a Look: U.S. Oil Inventories Hit Highest Level Since 1990

The Energy Department said on Wednesday U.S. supplies of crude oil, excluding the Strategic Petroleum Reserve, rose by 3.6 million barrels last week to 379.52 million barrels. That is the highest since August 1990. In 1990, the average cost of a barrel of oil was $24.50, according to the Energy Department. On Tuesday, oil settled at $97.01 a barrel.