Red Results

Indices closed the trading session in red territory on Wednesday. Energy brands such as Exxon Mobil, Chevron, and Schlumberger led the way lower on a decline in oil. West Texas Intermediate crude oil prices slipped 3.4% today to settle at $36.60 a barrel. Additionally, Energy Information Administration showed an unexpected increase of 2.6 million barrels in crude inventories in the past week.