Oil prices fell more than $1 a barrel on Wednesday, under pressure from global central bank efforts to limit inflation and ahead of expected builds in U.S. crude inventories as fuel demand weakens.
Brent crude prices for September fell $1.06, or 0.9 percent, to $106.29 a barrel by 0946 GMT, while U.S. West Texas Intermediate (WTI) crude for August slipped $1.09, or 1 percent, to $103.13 per barrel. The WTI contract will expire on Wednesday.
