Oil futures lost more than 3% on Wednesday as U.S. government data showed that crude inventories rose for a sixth week in a row.Strength in the dollar added to pressure on crude-oil prices, as futures relinquished nearly all of their gains from a day earlier.
December West Texas Intermediate crude CLZ5, +0.56% settled at $46.32 a barrel, down $1.58, or 3.3%, on the New York Mercantile Exchange. Prices gave back most of the 3.8% they gained a day earlier.
December Brent crude LCOZ5, +0.72% on London’s ICE Futures exchange fell $1.96, or 3.9%, to $48.58 a barrel.
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