Oil prices extend losses on Wednesday as a rise in U.S. inventories added to the global glut and investors discounted the possibility of OPEC cutting output at this week's meeting. The U.S. Energy Information Administration reported stockpiles increased by 1.2 million barrels in the week through Nov. 27, bringing total American storage to 489.4 million barrels, near a modern day high. Data from the American Petroleum Institute (API) on Tuesday had suggested a 1.6 million-barrel rise in U.S. crude inventories last week to 489.9 million barrels. Brent crude was down 92 cents at $43.52 a barrel by 10:33 a.m. EDT (1533 ... (full story)