Oil Prices Fall To A Three-Month Low (SCO, DBO)

Oil prices are down to a three-month low in trading today. U.S. crude oil for delivery in June is down $1.25 to $73.15 a barrel. Meanwhile, Brent crude is down by $1.33 to $78.78 a barrel. U.S. crude is down due to an increase in stockpiles of crude in Cushing, Oklahoma. Stockpiles currently stand at 37 million barrels. On Thursday, the PowerShares DB Oil Fund (ETF) (NYSE: DBO) closed 1.83% lower at $26.30, while the ProShares UltraShort DJ-UBS Crude Oil (ETF) (NYSE: SCO) closed 3.79% higher at $13.98.