Oil Declines as Investors Weigh Whether New China Stimulus Will Boost Demand

OIL PRICE - SINGAPORE. Oil prices fell more than 1% on Wednesday as investors reassessed whether China's latest stimulus plans will be able to boost its economy and spur fuel demand in the world's largest crude importer.

Still, declining U.S. crude oil and fuel stockpiles, and more violence in the Middle East, provided some support for the market.