U.S. News & World Report | Oil falls as rising US output outweighs strong China data Reuters Brent and WTI have shed around 1.5 and 2.4 percent since the start of the week, with prices hit by concerns over a relentless rise in U.S. crude oil production that has also been contributing to increasing inventories. U.S. crude production C-OUT-T-EIA ... US On Track to Become World's Top Oil Producer US crude falls 1.1%, settling at $60.71, as American shale oil output surges Oil Prices Steady After API Reports Smaller Than Expected Build |