Oil prices fall more than 1% after U.S. fuel inventories build - Reuters

Oil prices fall more than 1% after U.S. fuel inventories build - Reuters:

Oil futures fell more than 1% on Wednesday, extending a more than 3% drop in prices the previous session, after U.S. government data showed large builds in refined product stockpiles.

Brent crude futures were down 82 cents, or 1.3%, at $63.53 a barrel by 1:32 p.m. EDT (1732 GMT). U.S West Texas Intermediate (WTI) crude futures fell 99 cents, or 1.7%, to $56.63 a barrel. Both benchmarks shed more than 3% on Tuesday.