Oil Prices Continue To Decline

New York, NY, May 9, 2012 -- Oil prices continued their downward trend for a sixth day in New York.

It's the longest run of declines in almost two years.

Futures slid as much as 0.8% after dropping 8.6% in the past five days. U.S. inventories increased 7.8 million barrels last week to 378 million, the highest level since August 1990, the American Petroleum Institute said.

Crude for June delivery fell as much as 76 cents to $96.25 a barrel in electronic trading on the New York Mercantile Exchange.