Reuters UK | Oil drops on rising US crude inventories, defies expected supply cut extension Reuters UK 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 41 ... Oil prices under pressure amid fresh concerns about US supply Oil Prices Slip After U.S. API Reports Build In Crude Stocks OPEC Risks Deal Fatigue as Maintaining Oil Curbs Get Tougher |