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Weatherford (WFT) Stock Declines as Oil Prices Fall

NEW YORK (TheStreet) -- Shares of Weatherford Int'l (WFT) are decreasing 1.02% to $5.85 late Wednesday afternoon as oil prices retreat.

Crude oil (WTI) is sinking 4.04% to $44.91 per barrel and Brent crude is slumping 4.29% to $46.39 per barrel this afternoon.

Oil prices are diving this afternoon, reversing most of yesterday's gains, as bearish inventory data from the U.S. government increased concerns about the global oversupply, Reuters reports.

The Energy Information Administration said crude stockpiles declined 2.5 million barrels last week, below...


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