The West Texas Intermediate (WTI) for March delivery dropped 10 cents, or 0.13 percent, to settle at 78.49 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for April delivery lost 24 cents, or 0.28 percent, to close at 85.14 dollars a barrel on the London ICE Futures Exchange.
The decline came as traders continued to weigh data on U.S. fuel stocks.
The U.S. Energy Information Administration (EIA) reported Wednesday that the country's commercial crude oil inventories increased by 16.3 million barrels during the week ending Feb. 10. Analysts polled by S&P Global Commodity Insights had estimated a rise of 600,000 barrels in U.S. crude supplies.
According to the EIA, total motor gasoline inventories rose by 2.3 million barrels last week, while distillate fuel inventories decreased by 1.3 million barrels.
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