Oil prices fell on Wednesday after a rise in U.S. crude inventories and ongoing high supplies from producer club OPEC revived concerns of a fuel supply overhang. Brent crude futures LCOc1, the international benchmark for oil prices, were at $48.73 per barrel at 0128 GMT, down 11 cents, or 0.2 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $46.28 per barrel, down 12 cents, or 0.3 percent. U.S. crude stocks rose last week, adding 1.6 million barrels in the week to July 14 to 497.2 million barrels, industry group the American Petroleum Institute said late on Tuesday. Outside the United States, supplies from within the Organization of the Petroleum Exporting Countries (OPEC) remained high, largely because of rising output from member-states Nigeria and Libya, despite the club’s pledge to cut production. “Nigeria and Libya have made significant progress in […]