Brent crude price falls $2 per barrel following big rise in US oil inventories and rising output from Saudi ArabiaOil prices have tumbled in the runup to the release of data expected to show US inventories at record highs. Rising production from the world’s biggest exporter, Saudi Arabia, also fuelled worries about global oversupply.Brent crude fell $2 to $58.53 a barrel on Thursday, after hitting a two-month high of $63 a barrel on Tuesday. US crude for March delivery, which expires on Friday, also lost $2, to $50.05 a barrel. Related: Greece seeks six-month bailout extension - live updates Continue reading...
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