Oil prices retreat after their recent rally, even as U.S. crude supplies post first decline in 3 weeks

Myra P. Saefong
Oil prices retreat after their recent rally, even as U.S. crude supplies post first decline in 3 weeks

Oil futures settle modestly lower on Wednesday, giving up gains seen in wake of U.S. government data showing larger-than-expected drawdown in crude stockpiles, the first in three weeks.