Oil prices slip below $74 on US crude inventories, higher Opec production

Oil slipped below $74 a barrel on Wednesday pressured by an industry report that US stockpiles of crude rose unexpectedly and by higher OPEC production, adding to indications of more ample supply. On Tuesday, the American Petroleum Institute said crude inventories rose by 5.6 million barrels last week. Analysts had expected a decrease of 2.

8 million. The US government's supply report is due on Wednesday.  Brent crude, the global benchmark, dropped 40 cents to $73.81 a barrel by 0832 GMT, adding to a 1.8 per cent loss in.....

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