Oil extends losses on U.S. crude stock build amid virus fears

MELBOURNE/SINGAPORE (Reuters) - Oil prices dipped further on Thursday after tumbling more than 5% in the previous session, as a record build in U.S. crude inventories and a rapid resurgence in COVID-19 cases cast doubts on fuel demand recovery. U.S. West Texas Intermediate (WTI) crude futures fell 22 cents, or 0.6%, to $37.79 per barrel at 0532 GMT on Thursday, after dropping $2.36 on Wednesday.Brent crude futures fell 30 cents, or 0.7%, to $40.01 per barrel after falling $2.32 on Wednesday. A..