Oil prices extended losses on Wednesday on an unexpected increase in U.S. crude stocks that revived worries about the supply glut that has capped prices for the past two years.
The Energy Information Administration said U.S. crude stockpiles rose by 2.5 million barrels to a total of 523.6 million barrels in the week through August 19 as refinery inputs decreased and gasoline production fell.
Analysts had expected a 455,000-barrel fall.
U.S. West Texas Intermediate (WTI) crude was down $1.44, at $46.66 a barrel.
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