Oil dips as U.S. crude stockpiles swell; possible OPEC cuts prevent bigger slide | Reuters:
Oil prices slipped on Thursday after U.S. crude inventories swelled to their highest level since December 2017 amid concerns of an emerging global glut, although the potential for a supply cut by OPEC prevented further drops.
U.S. West Texas Intermediate (WTI) crude futures, were at $54.47 per barrel at 0740 GMT, 16 cents, or 0.3 percent below their last settlement.
Front-month Brent crude oil futures were at $63.34 per barrel, down 14 cents, or 0.2 percent.
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