Oil prices fall on rise in U.S. stocks, demand worries | Reuters

Oil prices fall on rise in U.S. stocks, demand worries | Reuters:

Oil prices fell on Wednesday after news of a rise in U.S. crude inventories last week, defying analysts’ expectations for a big fall, while concerns about weak demand also resurfaced.

Brent crude oil was down 60 cents at $71.56 a barrel by 0750 GMT. The benchmark hit a three-month low on Tuesday.

U.S. light crude was down 50 cents at $67.58, not far off Tuesday’s one-month low of $67.03 per barrel.