Crude-oil futures pared some gains Wednesday after the Energy Information Administration released its weekly report on supplies, even as data showed a larger-than-expected decrease.
Gold futures ended lower Tuesday, losing some steam mid-session as the dollar kept higher and U.S. equities and crude futures also traded lower amid renewed concern about the euro zone.
The Energy Information Administration lowered its expectations for global demand for oil for this year and the next, according to a monthly outlook report Tuesday.
Crude-oil futures ended sharply lower Tuesday, dragged down as renewed uncertainties about the euro zone put the dollar back at a two-year high against the euro.