Oil prices extends losses on Wednesday as a much bigger-than-expected surge in the U.S. crude inventories and anticipation of further interest rate hikes sparked concerns over the prospect of weaker fuel demand and economic recession. Brent crude futures slid $1.08 cents, or 1.3%, to $84.48 per barrel by 0729 GMT, while U.S. West Texas Intermediate … Continue reading US inventories rise leads to crude oil futures slide