Oil Prices Fall On Rising Crude Inventories, Hawkish Fed

Oil prices fell in Wednesday's morning session, ending three days of gains thanks to rising U.S. crude stockpiles and hawkish remarks from Fed Chair Jerome Powell. Brent crude for April delivery fell 1.51% to trade at $75.86 per barrel at 10.35 am ET while WTI crude for March delivery fell 1.65% to trade at $72.14 per barrel. The decline follows three days of gains when oil prices climbed nearly 4%. "Oil prices resumed their downtrend as the macro environment weighed on sentiment, with Jerome Powell indicating that the U.S. Fed was not in a rush…