Oil prices fell on Wednesday after new government data showed rising U.S. supplies of diesel and heating oil and only a smaller-than-expected decline in crude oil inventories.
U.S. light, sweet crude oil futures settled down 74 cents to $56.72 a barrel, after dropping as low as $56.10, the lowest since June 30. London Brent crude fell 71 cents to $56.65 a barrel.
In its weekly supply snapshot, the Department of Energy said stocks of distillate fuel, which include heating oil, diesel and jet fuel, grew by 2.3 million barrels to 122.7 million barrels, or 5 percent above year-ago levels.
