Wall Street slightly lower as crude oil slips

U.S. crude fell about 1 percent after a report from the American Petroleum Institute (API) showed that an increase in crude stockpiles was way above estimates. Wall Street closed sharply higher on Tuesday, helping the S&P 500 claw back most of its losses in the last two months. “The market got severely overbought yesterday,” said Jeffrey Saut, chief investment strategist at Raymond James Financial in Florida.

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Wall Street slightly lower as crude oil slips