Futures Movers: Oil prices stumble ahead of U.S. inventory data

Crude oil was facing a third-straight losing session on Wednesday, with prices pushing lower again as investors grew nervous ahead of an important update on U.S. stockpiles.

March West Texas Intermediate crude CLH8, -0.50% fell 57 cents, or 0.9%, to $63.93 a barrel. On Tuesday, U.S. crude prices tumbled 1.5% to $64.50 a barrel, registering only the second back-to-back decline in January, amid fresh worries about mounting U.S. crude production.

March Brent crude LCOH8, -0.35% , the global benchmark, lost 52 cents, or 0.8%, to $68.44 a barrel, after a 0.6% fall on Tuesday to $69.02 a barrel.

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