CNBC | US oil settles down nearly 4%, threatening key $50 level CNBC Oil edged lower on Wednesday, after U.S. data showed a smaller-than-expected decline in overall crude inventories coupled with another rise in production, hindering OPEC's efforts to reduce a global surplus of crude. Prices were on pace for their ... Oil prices slip as US gasoline supplies mark first weekly climb in 2 months Oil Prices Drop As Saudis Say Too Early To Decide Cuts Extension Oil Prices Decline on EIA Supply Data |