Oil prices fell on Wednesday after figures from an industry group showed U.S. crude stockpiles rose last week more than expected, reinforcing concerns that the global supply glut continues unabated. The front-month contract in U.S. crude futures was down 44 cents at $41.01 a barrel by 0628 GMT. It struck a 2016 high of $41.90 in the previous session before closing at $41.45. The contract has rebounded more than 50 percent since hitting its lowest level since 2003 in February. Brent crude was 40 cents lower at $41.39, reversing gains in the previous session when it finished at $41.79. Brent has also surged more than 50 percent since hitting a multi-year low in January of $27.10 a barrel. “Net supply in the short-term should still be in excess […]