Crude oil dropped, extending losses amid stalling demand and as trade wars fanned fears of a global economic slowdown.
U.S. crude oil production rose 241,000 barrels per day, or 2.1%, in March to 11.905 million bpd, just below its record high.
U.S. energy firms this week increased the number of oil rigs operating for the first time in four weeks, and weekly production last stood at a record 12.3 mbpd.
That's pushed up commercial U.S. crude oil inventories, which have increased by 8.4% since the start of the year to 476.5 million barrels.
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