Oil slips on bearish U.S. inventory report, doubts over OPEC cut

By Scott DiSavino NEW YORK (Reuters) - Oil prices slid on Wednesday on bearish U.S. petroleum inventory data and doubts that production cuts promised by OPEC and Russia would be deep enough to end a supply overhang that has weighed on markets for more than two years. Brent futures fell 93 cents, or 1.7 percent, to settle at $53.00 a barrel, while U.S. crude lost $1.16, or 2.3 percent, to settle at $49.77. The U.S. Energy Information Administration EIA said crude inventories fell 2.4 million barr