Reuters | Oil dips on glut but Chinese and US data supports Reuters LONDON (Reuters) - Oil prices dipped on Thursday on worries about oversupply, but strong Chinese imports and signs that U.S. storage tanks were gradually being drained offered some support. Brent crude fell 20 cents to $47.54 a barrel by 0730 GMT and ... OPEC's oil output jumps again in June as the group struggles to end the crude glut Saudi Arabia exceeds oil production target Oil settles higher as EIA confirms a drop in US crude stockpiles |