Reuters | Oil down after record US crude stocks, Brent below $55 Reuters Energy firms slashed billions of dollars from their oil exploration budgets, and the number of U.S. oil drilling rigs fell to three-year lows after crude prices fell to half their June peaks. On Wednesday, benchmark Brent oil LCOc1 fell below the $55-a ... Oil prices expected to be stable for foreseeable future Oil prices: chief analyst warns that the worst is yet to come Oil prices fall as US stockpiles hit record high |