IBNLive | Oil falls back on record-high US supplies IBNLive London: World oil prices hit reverse gear on Thursday, wiping out earlier gains, as traders switched their attention back to record-high US stockpiles, dealers said. US benchmark West Texas Intermediate (WTI) for April delivery fell 61 cents to $47.56 ... US Oil Prices Fall to Six-Week Low The U.S. Has Too Much Oil and Nowhere to Put It Oil holds steady on bargain hunting |