Houston February 12 2025: Oil prices fell more than 1% a barrel on Wednesday, on track to end three days of gains after data showed U.S. crude stockpiles rose by more than expected last week, and hawkish remarks from the Federal Reserve chair.
Brent futures were down 96 cents, or 1.25%, at $76.04 a barrel by 10:42 a.m. EST, while U.S. West Texas Intermediate (WTI) crude dropped $1.05, or 1.43%, to $72.27.
Both benchmarks fell by more than $1 during the session. The declines follow three days of gains, during which Brent climbed 3.6% and WTI rose 3.7%.
