Oil futures fell Wednesday after a larger-than-expected increase in U.S. crude supplies, which kept inventories at their highest level in 80 years.Light, sweet crude for March delivery CLH5, -0.04% dropped $1.78, or 3.9%, to $44.45 a barrel on the New York Mercantile Exchange. That was crude’s lowest settlement since March 11, 2009.
Brent crude for delivery the same month LCOH5, +0.27% fell $1.13, or 2.3%, to $48.47 a barrel on the ICE Futures Exchange. That was Brent’s largest one-day percentage decline in a more than week.
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