Oil futures fell on Wednesday on the heels a 10th straight weekly rise in U.S. crude supplies and ongoing worries about a drop in energy demand.

Prices, however, pared much of their earlier losses amid a report from The Wall Street Journal that President Donald Trump will meet with the heads of some of the largest U.S. oil companies to discuss measures to help the industry deal with the oil-price crash.

May West Texas Intermediate oil fell 17 cents, or 0.8%, to settle $20.31 a barrel on the New York Mercantile Exchange after tapping an intraday low of $19.90.

Source : MarketWatch