LONDON (Reuters) -Oil fell on Wednesday to a six-month low after a brief respite as concerns about the prospect of a global recession that would weaken demand overshadowed a report showing lower U.S. crude and gasoline stocks.
Figures on Wednesday did little to improve the economic backdrop, showing British consumer price inflation jumped to 10.1% in July, its highest since February 1982, intensifying a squeeze on households.
Brent crude was down 44 cents, or 0.5%, at $91.90 a barrel by 0815 GMT and earlier fell to $91.64, the lowest since February. U.S. West Texas Intermediate (WTI) crude dipped 9 cents, or 0.1%, to $86.44.