Oil prices fall on U.S. stock rise, higher supply

By Christopher JohnsonLONDON (Reuters) - Oil benchmark Brent crude hit a three-month low on Wednesday after a rise in U.S. crude inventories highlighted increasing global supply and concerns over weak demand.Brent fell 93 cents to a low of $71.23 a barrel, its weakest since April 17, before recovering to around $71.50, down 66 cents, by 1325 GMT.

U.S. light crude was down 75 cents at $67.33, not far above Tuesday's one-month low of $67.03 per barrel.Oil markets have fallen over the last week as Saudi Arabia and other members of the Organization.

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