(Reuters) - Oil slipped toward $56 a barrel on Wednesday, under pressure from expectations of persisting oversupply in world markets and an industry report saying U.S. crude stocks rose further from a record high.
The American Petroleum Institute said on Tuesday crude stocks increased by 1.6 million barrels last week. Stocks are already at a record high, according to the U.S. government's Energy Information Administration (EIA), which issues its latest report on Wednesday.
The American Petroleum Institute said on Tuesday crude stocks increased by 1.6 million barrels last week. Stocks are already at a record high, according to the U.S. government's Energy Information Administration (EIA), which issues its latest report on Wednesday.