 "Oil, crude oil, fuel")
Oil prices fell to their lowest level in a week on Wednesday on expectations US producers would boost output, while the Organisation of the Petroleum Exporting Countries (Opec) signalled a drop in the global oil supply surplus this year as the producer group's output fell from a record high.
Brent futures were down 33 cents, or 0.6 per cent, at $55.14 a barrel by 11:49 am EST (1649 GMT), while US West Texas Intermediate (WTI) crude fell 40 cents, or 0.8 per cent, to $52.08. Both contracts were down over $1 earlier Wednesday, putting them at their lowest levels since January
