Oil prices may give back the advance from the monthly-low ($50.99) as fresh updates from the US Energy Information Administration show crude inventories climbing another 2927K in the week ending October 4 after expanding 3104K during the previous period. At the same time, weekly field production climbed to a fresh record high, with US crude output climbing to 12,600K from 12,400K in the week ending September 27. Signs of waning demand paired with growing supply may push the Organization of the Petroleum Exporting Countries (OPEC) to ramp up its efforts in balancing the energy market especially as the US and China, ... (full story)