Oil prices fell on Thursday, pulled down by record U.S. crude production that led to a surge in stockpiles.

395

Oil prices fell on Thursday, pulled down by record U.S. crude production that led to a surge in stockpiles.

Outside the United States, however, oil markets remained tense as exemptions to U.S. sanctions on Iran expired, a political crisis in Venezuela escalates, and as producer club OPEC keeps withholding supply….

An excerpt from Reuters