Oil prices fall amid broader market selloff, gains in US crude stockpiles
Oil prices fell on Wednesday amid a broader selloff in global financial markets that underscored concerns about economic and fuel demand growth, with a stronger U.S. dollar and reports of rising U.S. crude stockpiles adding to the worries.
Brent crude futures fell 36 cents, or 0.56%, to $64.08 a barrel by 0221 GMT. U.S. West Texas Intermediate crude was down 40 cents, or 0.66%, at $60.16. Both contracts extended their losses from Tuesday.
