Wall Street closes lower with oil decline, weak data

NEW YORK (AA) – Wall Street closed lower Wednesday for the fourth day in a row with weak employment data and a sudden decline in oil prices.

Crude prices fell more than 3 percent after Energy Information Administration data showed inventories recorded their largest build up since 1982.

At the final bell, the American benchmark was trading at $45.50, while the international benchmark was at $47.15.

The private sector added 147,000 jobs in October but failed to meet market expectations of 165,000.

That helped to push the Dow 77 points lower to 17,959 and the Nasdaq was down 48 points to 5,105.

The S&P 500 shed 13 points to finish the day at 2,097, posting its seventh consecutive daily loss and marking its longest losing streak since November 2011.