Investing.com - Oil prices fell on Wednesday, amid speculation weekly supply data due later in the week will show U.S. crude inventories rose at a faster pace than expected last week.
U.S. crude was down 1.53% to $43.54 a barrel, while Brent futures fell 0.77% to $47.73 at 8.16 AM Eastern Time.
After markets closed Tuesday, the American Petroleum Institute said that U.S. crude inventories rose by 6.3 million barrels in the week to November 6.
The U.S. Energy Information Administration was releasing its weekly report on oil supplies on Thursday.
The data was expected to show that oil stockpiles rose by one million barrels last week.
The report was coming out one day later than usual due to Wednesday's Veterans Day's holiday in the U.S.