Doha: Oil prices declined on Wednesday amid expectations of an increase in US crude inventories: Oil prices declined on Wednesday amid expectations of an increase in US crude inventories.

According to Qatar News Agency, Brent crude futures dropped 79 cents, or 1.22 percent, to $64.13 a barrel, while US West Texas Intermediate (WTI) crude futures fell 64 cents, or 1.06 percent, to $59.72 a barrel.

Both contracts had risen by about $1 a barrel, or 1.5 percent, at the previous session's settlement.