India, Feb. 12 -- Oil prices fell around 1 percent on Wednesday, retreating from a two-week high and snapping a three-day winning streak after industry data showed a build in U.S. inventories.
Benchmark Brent crude futures dipped 0.9 percent to $76.28 a barrel in European trade, with jitters over supply helping limit overall losses to some extent.
WTI crude futures were down 1.1 percent at $72.53 after three days of gains driven by increasing Middle East tensions and intensifying sanctions.
A report from the American Petroleum Institute (API) has pointed to a large build in U.S. crude stockpiles last week.
Crude oil stockpiles in the U.S., the world's biggest oil producer and consumer, rose by 9.4 million barrels in the week ending Febr...