WASHINGTON (CNBC) -  Oil prices edged lower on Wednesday after government data showed a surge in fuel stockpiles, with worries about the global economy and forecasts of swelling U.S. crude production also hurting sentiment.
Brent crude oil futures fell 37 cents to $60.27 per barrel at 10:42 a.m. ET (1542 GMT), up 1 cent. U.S. West Texas Intermediate crude futures were down 45 cents, or nearly 1 percent, at $51.66 a barrel.
Futures ticked slightly lower after the Energy Information Administration reported that U.S. crude stockpiles fell by 2.7 million barrels last week, while fuel inventories were sharply higher.