U.S. crude lost more ground on Wednesday on rising U.S. oil output, although OPEC production cuts continued to offer support. A decline in U.S. gasoline futures on Tuesday also pressured broader oil markets. West Texas Intermediate crude futures had fallen 8 cents, or 0.2 percent, to $53.93 a barrel by 0023 GMT (7.23 p.m. ET), while Brent crude was yet to start trading. U.S. crude stockpiles have risen for seven straight weeks. Forecasts for another weekly build, this time of 3.1 million barrels last week, fueled worries that demand growth may not be sufficient to soak up the global crude oil glut. <EIA/S> Gasoline was under pressure on the final trading day for the March contract, the final month in which gasoline that complies with environmental standards for winter-grade fuel is offered. Abundant supplies of the fuel, which […]