Mubasher: Oil futures ended in the red territory on Wednesday, as US data showed lower crude oil inventories.

July Nymex WTI fell $0.14, or 0.3%, to close at $53.76 per barrel.  

The Energy Information Administration (EIA) revealed that US crude oil stockpiles dropped by 3.1 million barrels to 482.4 million barrels in the week ended 14 June.