Oil dips on rising crude inventories, after Trump's shock victory

By Henning Gloystein SINGAPORE (Reuters) - Oil prices dipped early on Thursday pulled down by rising U.S. crude inventories and as markets tried to interpret U.S. President-elect Donald Trump's surprise victory. U.S. crude stocks rose by 2.4 million barrels to 485 million barrels last week even though refineries hiked output and imports fell, the U.S. Energy Information Administration said on Wednesday.