Oil edged further below $37 a barrel on Wednesday as an industry report showing a rise in U.S. crude stockpiles to a new record countered support from producer efforts to tackle a supply glut. U.S. crude inventories jumped by 9.9 million barrels last week, the American Petroleum Institute (API) said on Tuesday, much more than the 3.6-million-barrel increase analysts had forecast. Global benchmark Brent crude was down 27 cents at $36.54 a barrel by 0946 GMT. On Tuesday, it reached $37.25, the highest in almost two months. U.S. crude, also known as WTI, was down 66 cents at $33.74. “The strong inventory build reported by the API would explain why WTI is falling more than Brent,” said Carsten Fritsch, analyst at […]