Oil dips on U.S. inventory surge, doubts on OPEC resolve

03 November 2016, New York — Oil prices dipped on Thursday as investors were still reeling from a record weekly surge in U.S. crude inventories and many remained skeptical about whether OPEC will actually implement its planned output cap. U.S. crude was down 82 cents, or 1.8 percent, at $44.52 per barrel. At one point, […] More »