Oasis Petroleum (OAS) Stock Slumps as Oil Prices Fall

NEW YORK (TheStreet) -- Shares of Oasis Petroleum were falling 6.6% to $14.81 Wednesday as oil prices decline after U.S. inventory data showed an increase in crude oil stockpiles. WTI crude oil for August delivery was down 2.79% to $57.81 a barrel early Wednesday afternoon, and Brent crude oil for August delivery was down 1.6% to $62.57 a barrel. Oil prices were falling after a U.S. Energy Information Administration report said that U.S. crude oil stockpiles grew by 2.4 million barrels in the w...