Oil prices edged lower on Wednesday, with the U.S. benchmark down nearly 1% after crude stockpiles in the world's top petroleum producer and consumer rose more than expected last week. Brent crude futures were down 43 cents,

Oil futures fell Wednesday after official U.S. data revealed a weekly rise in commercial crude inventories, following nine consecutive weekly declines.

The crude oil markets are a little soft in the early hours of Wednesday, as the market is waiting for the crucial Federal Reserve interest rate announcement, and the inventory numbers coming out of the USA.

Oil prices fell on Wednesday, following a rise in U.S. crude stockpiles and easing worries over Libyan supply, while focus turned to potential U.S. tariffs on Canadian and Mexican imports.

WTI crude oil (CLH25) today is down -0.63 (-0.85%), and March RBOB gasoline (RBH25) is down -0.0060 (-0.29%). Crude and gasoline prices today are moderately lower. Crude is under pressure today from a stronger dollar,