Reuters | Oil edges lower on higher US crude inventories, strong dollar Reuters Weekly U.S. crude oil stocks surged by 3.6 million barrels last week, the American Petroleum Institute (API) industry group said, exceeding analyst expectations of a 1.5 million barrel rise. [API/S]. "Prices are down on the build in U.S. crude oil ... Oil Is In For An Explosive Move Oil Prices Slide as Investors Cash In on Earlier Gains Oil Prices Resilient Despite API Reported Crude Inventory Build |