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NEW YORK (Reuters) - Oil prices fell on Wednesday as forecasts for warmer U.S. weather countered inventory declines in the world's biggest energy consumer. U.S. crude settled down 24 cents at $62. ...

Crude oil futures attempted to rebound after yesterday’s losses but remained on a downtrend overall. Weak demand indicators and global economic uncertainties could continue to weigh on prices.

On Monday in New York, the contract fell $1.46 to settle at $59.76, the lowest close since July 28. Heating oil slipped nearly 3 cents to $1.7960 a gallon while gasoline dropped a cent to $1.5801.