Oil prices fell to an 11-year low on Wednesday under pressure from a strong dollar and weak economic data from China, the world’s second-biggest crude consumer. Investors were also positioning ahead of key U.S. supply data due later in the day. U.S. crude inventories are hovering near high levels not seen in decades and production has been resilient despite the low prices. This adds to the global oversupply of crude that has been battering prices since the summer of 2014. “The market continues to be bearish, no doubt about that,” said Tamas Varga, oil analyst at PVM brokerage. “The strong dollar and disappointing data out of China are adding to the bearish mood this morning.” Brent crude, the global oil benchmark, fell 2% to $35.70 a barrel on London’s ICE Futures exchange. On the New York Mercantile Exchange, West Texas Intermediate futures were trading down 1.3% at $35.48 a […]