Crude oil price fell further on Wednesday as U.S. crude oil inventories last week registered a fourth straight rise, Xinhua reported.
The Energy Information Administration said on Wednesday that the U.S. commercial oil inventories rose by 1.9 million barrels in the week ended Feb. 4 to 345.1 million barrels, less than analysts ' expectation of a rise of 2.4 million, while gasoline inventories hit a 20-year high.
While rising stocks pressured New York benchmark, continued concerns about the unrest in Egypt and a weaker dollar helped London Brent breach 102 dollars a barrel.
Light, sweet crude for March delivery settled 23 cents lower at 86.71 dollars a barrel on the New York Mercantile Exchange.