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.

Oil futures fell Wednesday morning, feeling pressure after industry data showed a large rise in crude inventories.

Crude oil futures posted modest gains Tuesday, following U.S. benchmark stock indexes in recovering part of the previous session's sharp losses.

Oil prices declined today, Jan. 29, ahead of the Federal Reserve's decision on interest rates and US inventory data after the American Petroleum Insti

Oil prices dipped on Wednesday, giving up some of last session's gains, as a rise in U.S. crude stockpiles and easing worries over Libyan supplies weighed, although potential U.S. tariffs on Canadian and Mexican imports checked losses.