Oil prices fell 1 percent on Wednesday, weighed down by swelling U.S. inventories and a plunge in global stock markets as China’s government warned of increasing economic headwinds. International Brent crude oil futures LCOc1 were at $61.37 per barrel at 0240 GMT, down 71 cents, or 1.1 percent from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $52.64 per barrel, down 61 cents, or 1.1 percent, from their last close. Oil prices were pressured by a weekly report from the American Petroleum Institute (API) that said U.S. crude inventories rose by 5.4 million barrels in the week to Nov. ... (full story)