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Oil prices slip on economic worries, surging US crude supply

Updated : April 11, 2019 01:10 PM IST

US crude inventories rose 7 million barrels to 456.6 million barrels in the last week, their highest since November 2017, the Energy Information Administration said on Wednesday.
US crude oil production remained at a record 12.2 million barrels per day (bpd), making the United States the world's biggest oil producer ahead of Russia and Saudi Arabia.
Brent and WTI have risen by around 30 and 40 percent respectively since the start of the year.
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