Oil prices fell slightly on Wednesday after the U.S. government reported that the nation's crude supplies rose last week, as expected, AP reported. Benchmark West Texas Intermediate crude, which sets the price of much of the oil produced in the U.S., fell 59 cents to $106.12 per barrel in New York. Brent crude fell 56 cents to $125.66 per barrel in London. The Energy Information Administration's weekly report noted that energy demand remains weak in the U.S. Oil demand dropped 5.4 percent, while wholesale gasoline demand fell 7.2 percent when compared with a year ago. Gasoline supplies fell 1.4 million barrels last week, according to the EIA.
