Oil drops as U.S. inventory build, record output rekindles supply worries

Oil prices fell on Thursday, extending losses from the previous session after official data showed U.S. crude and gasoline stocks rose against expectations and production hit a record. Brent crude futures were down 16 cents, or 0.3%, at $63.90 a barrel by 0141 GMT, having dropped 0.3% on Wednesday. U.S. West Texas Intermediate crude fell 21 cents, or 0.4%, to $57.90, after falling 0.5% in the previous session. …read more

Source:: Yahoo Finance

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