Oil prices dip on surging US crude stockpiles

Oil prices dip on surging US crude stockpiles

Oil prices fell on Thursday after US crude stockpiles surged to their highest levels in almost 17 months amid record production. International benchmark Brent futures were at $71.57 per barrel at 0056 GMT, down 16 cents, or 0.2 per cent, from their last close.

Oil prices fall as US crude stockpiles climb

Oil prices fall as US crude stockpiles climb

Oil prices fell on Thursday, extending losses into a second consecutive session following a surprise rise in U.S. crude inventories. International Brent crude oil futures were down 86 cents, or 1.3 percent, at $66.97 a barrel around 7:40 a.m.