Oil prices took some of their biggest losses of the last month on Wednesday as data showed U.S. stockpiles keep rising and production is holding strong, which thwarted recent bets that those trends may be winding down. Light, sweet crude for May delivery settled down $1.66, or 4%, at $39.79 a barrel on the New York Mercantile Exchange, the worst percentage loss since Feb. 23. Brent, the global benchmark, lost $1.32, or 3.2%, to $40.47 a barrel on ICE Futures Europe. Total commercial stocks of oil and refined fuels rose by 9.9 million barrels to 1.354 billion barrels as of Friday, the U.S. Energy Information Administration said. It is a record high, buoyed almost solely by crude, which added 9.4 million barrels for the week. That addition was more than three times the size of analysts’ expectations, and also outpaced industry estimates and a strong draw from gasoline stockpiles. […]