Crude oil futures fell 3.8 percent on Wednesday in reaction to increased crude oil inventories for the week. As per latest data of Energy Information Administration, crude oil inventories increased 1.9 million barrels for the last week while analysts expected no change in oil stockpiles. Gasoline inventories supplies surged 800,000 barrels while analysts expected gasoline inventories to gain by 1.2 million barrels.

Distillates inventories which include diesel and heating oil increased by 100,000 barrels for the week as compared to expected increase of 1 million barrels by analysts.

Crude oil futures contract for November delivery fell 3.8 percent or $3.24 to settle at $81.21 per barrel at New York Mercantile Exchange.

Gasoline futures contract for October delivery fell 1.7 percent or 1.7 percent to $2.65 per gallon while heating oil futures contract for October delivery declined 2 percent or $0.06 to $2.82 per gallon.

Natural gas futures contract for October delivery fell 1.8 percent or $0.07 to $3.76 per million British thermal units.