Record oil darkens Wall St. mood

(01:37) Report

May 21 - U.S. stocks lost ground on Tuesday after a surprise large drop in crude and gasoline supplies sent oil prices to a record above $132 a barrel, further stoking inflation fears.

  • Gasoline demand is waning as record prices dent travel - MasterCard.
  • American Airlines announced historic bag check fee.
  • Chevron shares hit record tracking oil prices.

    Conway Gittens reports.

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