CNBC | Oil dips on swelling US inventories, but expected OPEC supply cut stems losses CNBC Oil prices dipped on Thursday after U.S. crude inventories increased to their highest level since December 2017 amid concerns of an emerging global glut, although an expected supply cut by producer cartel OPEC prevented further drops. U.S. West Texas ... Oil snaps back as US fuel demand lessens glut worries OPEC Will Struggle to Muster Its Friends for 2019 Oil Cuts Oil plunge could help US consumers, some emerging markets |