Brent oil pares gains on record high U.S. inventory

Brent oil prices pared gains sharply on Wednesday after data showed U.S. crude stocks jumped to a new record last week, overshadowing weakness in the dollar. The U.S. Energy Information Administration said U.S. crude stocks jumped by 8.2 million barrels in the week to Friday, the highest in at least 80 years and surpassing expectations of a 5.1 million barrel build. Crude stocks at Cushing, Oklahoma, delivery point of the U.S. crude contract rose by 1.9 million barrels, also hitting a record lev