US oil supplies hit record high

Oil supplies in the US have hit a record 80-year-high, according to a
new government report.

This latest data shows the surplus of oil, which has suppressed prices
in recent months, is still at unprecedented levels.

Prices of crude fell following the news.

Our correspondent Nick Harper says the report makes worrying reading.

IN: "We all knew...."
OUT: …of oil."
DUR: 37 seconds

CLIP 1: http://www.fsnradionews.com/feeds/0211oil-nh1.mp3

Our correspondent Nick Harper says falling oil prices has led
companies to close drilling rigs.

IN: "We have seen..."
OUT: …rid of."
DUR: 30 seconds

CLIP 2: http://www.fsnradionews.com/feeds/0211oil-nh2.mp3