Oil prices fell on Wednesday as an unexpected build in crude and fuel inventories in the U.S., the world's biggest oil consumer, and economic uncertainty reignited demand worries.
U.S. West Texas Intermediate crude futures decreased by 79 cents, or 1.1%, to $74.33 a barrel at 0503 GMT, while Brent crude futures fell by 75 cents, or 0.9%, at $79.35 a barrel.
Analysts polled by Reuters expected crude stocks to fall by 2.2 million barrels and distillate stocks to drop by 500,000 barrels. The oil market has been pulled lower by worries about U.S. interest rate hikes to curb inflation which would trigger a recession and curtail fuel demand.
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