The Week UK | Oil price dips again on surprise inventory surplus The Week UK After a huge surge in New York trading yesterday evening, the oil price was falling on Wednesday morning following reports that US crude inventories recorded a surprise surplus last week. Weekly data compiled by the American Petroleum Institute showed ... OPEC Producer Sees Oil at $60 Until 2018 With Demand Picking Up US oil settles up 4.56 pct after 2-month lows No balance: oil markets still oversupplied, now growth is stuttering |