Reuters | Oil dips despite steep draw in US crude stocks Reuters NEW YORK (Reuters) - Oil prices fell on Wednesday even though U.S. crude stockpiles declined by the most in a year, as the government also reported that domestic crude production was edging higher. U.S. crude inventories dropped for a seventh ... Oil moves lower as US supplies drop a seventh week, but output hits 2-year high IEA: OPEC Must Extend Cuts To Balance Oil Markets OPEC facing years-long fight to drain oil glut |