Oil prices fell to fresh seven-year lows Tuesday on expectations that U.S. crude inventories rose for an 11th straight week last week. Oil prices have plunged in the past year as producers including the U.S. and members of the Organization of the Petroleum Exporting Countries have pumped oil at near-record highs. A stronger dollar has also weighed on oil prices this year, making the dollar-priced commodity more expensive for buyers using foreign currencies. The U.S. Energy Information Administration, in its monthly short-term energy outlook Tuesday, said production fell by 60,000 barrels a day in November from the prior month to 9.2 million barrels a day. In contrast, October production fell by 160,000 daily barrels from September. Some of the biggest beneficiaries of the rout in oil prices are U.S. drivers, who have seen much of the price drop passed through to their costs at the pump. The U.S. retail […]