Oil dips on rising U.S. crude inventories, high OPEC supplies

19 July 2017, Singapore — Oil prices fell on Wednesday after a rise in U.S. crude inventories and ongoing high output from OPEC producers revived concerns of a fuel supply overhang. Brent crude futures LCOc1, the international benchmark for oil prices, were at $48.63 per barrel at 0656 GMT, down 21 cents, or 0.4 percent, […] More »