Oil prices continued their decline during trading on Wednesday, in anticipation of the release of US stockpile data amid expectations of an increase.
According to Reuters, the chief analyst at Price Future Group said that there is an expectation that the supply of crude in the United States will witness a new increase since refineries are still closed.
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In today's trading, Brent crude futures for May delivery fell 1% to $ 66.88 a barrel.
US Nymex crude for April delivery fell 0.9% at $ 63.46 a barrel.
The American Petroleum Institute preliminary estimates showed that crude oil inventories in the United States rose by 12.8 million barrels in the week ending March 5th.
Official stock data from the Energy Information Administration will be released later in the day.
