Reuters | Oil dips on rising US crude inventories, defies expected supply cut extension Reuters SINGAPORE Oil prices fell on Wednesday after data showed an increase in U.S. crude inventories, stoking concerns that markets remain oversupplied despite efforts by top producers Saudi Arabia and Russia to extend output cuts. Brent crude was down 20 ... Oil market re-balancing is here and will continue, IEA says Has Global Oil Demand Really Surpassed Supply? Oil market rebalancing needs 'much work', says IEA |