10-08-2016 22:25 via news.yahoo.com

Oil fizzles on crude build; Wall Street ends lower

By Lewis Krauskopf NEW YORK (Reuters) - Oil prices fell on Wednesday on a surprise build in U.S. crude inventories, dragging on energy shares, and U.S. stock indexes receded from record highs. With bond yields low in developed economies as central banks maintain accommodative monetary policies, investors have sought out equities for yield. "The markets were extended, not only price-wise but psychologically (they) have been extended," said Steve Massocca, chief investment officer with Wedbush Equ
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