Oil prices are falling after the U.S. government said the nation's oil and gasoline supplies rose last week, AP reported. Benchmark West Texas Intermediate crude for September delivery lost $1.50 to $98.09 per barrel Wednesday morning on the New York Mercantile Exchange. In London, Brent crude fell 59.8 cents to $117.69 per barrel on the ICE Futures exchange. The Energy Department says oil inventories rose 2.3 million barrels to 354 million barrels last week. Gasoline supplies increased by 1 million barrels to 213.5 million barrels. Gasoline demand over the last four weeks remains below year-ago levels. -- SPA
