Oil fell as a report showing rising US stockpiles helped to offset concerns about the fallout from Western sanctions on Russia.
Brent dropped toward $64 a barrel, following a gain on Tuesday, while West Texas Intermediate was near $60. The industry-funded American Petroleum InstituteBloomberg Terminal reported a 4.4 million barrel increase in US crude inventories, as well as builds in products. That would take oil inventories to the highest in more than five months, if confirmed by official data later Wednesday.