Oil prices tumbled 8.7% on Wednesday, the largest one-day drop in two months, after data showed that U.S. crude supplies had climbed to their highest level in about 80 years. U.S. crude oil for March delivery sank $4.60, or 8.7%, to $48.45 a barrel on the New York Mercantile Exchange, the largest one-day decline since Nov. 28, 2014. Brent, the global benchmark, declined $3.75, or 6.5%, to $54.16 a barrel on ICE Futures Europe. U.S. crude-oil supplies rose by 6.3 million barrels in the week ended Jan. 30 to 413.1 million barrels , the U.S. Energy Information Administration said Wednesday. Analysts surveyed by The Wall Street Journal had expected a gain of 3.7 million barrels. Stockpiles are at the highest level ever in EIA weekly data going back to August 1982. In monthly data, which don’t line up exactly with the weekly data, inventories haven’t been this high since […]