Crude-oil futures seesawed Wednesday following a government report showing another rise in inventories.
Crude oil for June delivery, the most active contract, declined 16 cents U.S., or 0.3%, to $76.17 U.S. a barrel.
The contract has dipped in and out of the red in volatile trading as the International Energy Agency lowered its demand forecast and markets remained nervous about a potential European debt crisis.
The U.S. Department of Energy's Energy Information Administration reported Wednesday crude oil inventories rose by 1.95 million barrels, above expectations.
