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Oil prices, hit by strong US crude inventories, make fresh dip

At 466.7 million barrels, US crude oil inventories are at the highest level for this time of year in at least 80 years: EIA

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Crude prices took a fresh hit on Wednesday night, as a report on record US oil stockpiles trumped a weaker US dollar.

Singapore

CRUDE prices took a fresh hit on Wednesday night, as a report on record US oil stockpiles trumped a weaker US dollar.

The report, published weekly by the US Energy Information Administration (EIA), disclosed that US commercial crude oil inventories jumped by 8.2 million

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