Crude oil dropped on Wednesday after a report showing U.S. crude inventories unexpectedly rose last week.
Crude supplies climbed to 2.4 million barrels in the week ended June 25, following a 4.9 million barrels fall a week before, the Energy Information Administration (EIA) showed. Analysts had predicted a 1.9 million barrel fall.
Analysts estimated the report to show U.S. stockpiles plunged for a ninth straight week, but the actual reading prevented a record of registering the longest streak of declines from occurring.
A report by the American Petroleum Institute on Tuesday showed inventories fell 1.9 million barrels.
Oil prices have been widely affected by the bearish sentiment on the back of the melting situation in Greece.
Crude oil futures for August delivery set a new low of $67.96 a barrel, falling from a peak of $58.95.
Brent crude also slipped to trade around $62.56 a barrel, compared with the session’s opening at $63.06.