Oil prices dipped on Wednesday due to an increase in U.S. diesel stockpiles, causing concerns about demand. Brent crude settled at $68.22 a barrel, while U.S. West Texas Intermediate crude lost to $64.05. U.S. crude inventories fell, but the rise in distillate stockpiles raised demand worries. The Federal Reserve cut interest rates by a quarter point, signaling further cuts this year to address job market weakness. Kazakhstan resumed oil supplies through the Baku-Tbilisi-Ceyhan pipeline, Nigeria lifted a state emergency rule, and Russian oil supply risks heightened due to Ukraine attacks on energy infrastructure.

Read more at Yahoo Finance: Oil prices ease on US demand concerns