Arab News | Oil falls as US crude stocks rise further NEWS.com.au Benchmark Brent crude oil, for April delivery was down US59 cents cents at $US55.99 a barrel, while US West Texas Intermediate dropped by US46 cents to $US53.99. "Prices continue to retreat on repeated failure to rise above the upper end of their ... Oil prices to average $50-$70 through 2022: Report OPEC's strategy to buoy oil prices is all wrong, oil economist says Oil slips nearly 1 percent on concerns over rising US output |