Oil prices fell to fresh three-month lows Tuesday, with the U.S. benchmark near $40 a barrel, on a stronger dollar and expectations of growing U.S. oil supplies. Oil prices have plunged in the past year as ample supplies around the globe overwhelmed demand for crude. While U.S. output has declined in recent months following sharp spending cuts by producers, domestic crude stockpiles have continued to grow as production and imports continue to exceed demand. Other countries, including Saudi Arabia and Russia, have kept pumping crude at a high pace, keeping the global market amply supplied. U.S. oil stockpiles have climbed for seven straight weeks to near-record highs, and analysts expect weekly inventory data due Wednesday to show that supplies rose by 2 million barrels last week. The U.S. Energy Information Administration is set to release its report on Wednesday at 10:30 a.m. EST. If the U.S. benchmark falls […]