Oil prices fall on rise in U.S. inventories, supply worries | ZAWYA MENA Edition

Oil prices fall on rise in U.S. inventories, supply worries | ZAWYA MENA Edition:

Oil prices resumed their slide on Wednesday, dragged down by a surpise gain in U.S. inventories and comments from the head of Russian state oil producer Rosneft questioning the point of a deal with OPEC to withhold supplies.

Brent futures were down 27 cents, or 0.4%, at $61.70 a barrel by 0152 GMT. They rose 1.1% on Tuesday after a near 13 percent fall in the previous four sessions.

U.S. West Texas Intermediate (WTI) crude CLc1 was down by 32 cents, or 0.6%, at $53.16 a barrel. The U.S. benchmark closed 0.4% higher on Tuesday.