Oil prices fall on U.S. inventory build; Libya output ramps up
By Scott DiSavino NEW YORK (Reuters) - Oil futures fell on Wednesday after Libya said it expects to boost production over the next few months and a report showing a surprise build in U.S. crude inventories last week. Brent futures for February delivery fell 89 cents, or 1.6 percent, to settle at $54.46 a barrel, while U.S. West Texas Intermediate crude for February lost 81 cents, or 1.5 percent, to $52.49 per barrel. Even though WTI futures for February were down, the U.S. front-month gained abo
Read more »