Oil prices fell on Wednesday on worries that global supply is climbing after U.S. inventories rose unexpectedly and Saudi Arabia and other big producers signaled that they may increase output. U.S. crude inventories rose 2.1 million barrels in the week to June 1, the Energy Information Administration said, a surprise after analysts had forecast a decrease of 1.8 million barrels. Fuel inventories also rose. [EIA/S] USOILC=ECI “Oil prices are being clobbered by a surprise build to crude stocks as total imports jumped higher, blunting the impact of higher refinery runs,” said Matthew Smith, director of commodity research at ClipperData in Louisville, Kentucky. U.S. crude output hit a record of 10.8 million barrels a day in the week, according to the EIA’s weekly […]