NEW YORK, Feb. 13 (Xinhua) -- U.S. crude oil price dipped on Wednesday as crude inventories in the world's largest oil consumer increased, and Iran and the International Atomic Energy Agency (IAEA) had reportedly agreed on "some points" during talks in Tehran.
"In addition to removing some differences and agreeing on some points in the text...the two sides decided to review and exchange views about the new proposals that were given in this meeting, in the next meeting," said Ali Asghar Soltanieh, Iran's envoy to IAEA, media reported.
U.S. crude inventories rose by 560,000 barrels in the week ending Feb. 8, the International Energy Agency (IEA) said Wednesday in its weekly report.
Meanwhile, average daily production for crude oil in the United States was more than 7 million barrels in January, a multi-year high, according to the IEA monthly report on Wednesday.
Besides, IEA cut its outlook for global oil demand growth by 90, 000 barrels per day, also dragging on oil prices.
On the economic front, U.S. retail sales rose 0.1 percent in January, compared with an increase of 0.5 percent in the prior month, as payroll taxes hikes imposed negative influences to consumers'purchasing will, Commerce Department figures showed Tuesday.
Light, sweet crude for March delivery lost 50 cents, or 0.51 percent, to settle at 97.01 U.S. dollars a barrel on the New York Mercantile Exchange.