NEW YORK, April 13 (Xinhua) -- Oil prices retreated Wednesday amid profit-taking after sharp gains.
Oil prices rallied Tuesday as Saudi Arabia and Russia reached a consensus to cap the crude production during talks between the two nations.
Crude production of U.S. lost 31,000 barrels to 8.977 million barrels a day last week, according to the weekly report released by the Energy Information Administration (EIA) Wednesday.
U.S. crude supplies gained 6.6 million barrels to 536.5 million barrels last week, 52.8 million barrels more than one year before, the EIA said.
The West Texas Intermediate for May delivery moved down 41 cents to settle at 41.76 U.S. dollars a barrel on the New York Mercantile Exchange, while Brent crude for June delivery decreased 51 cents to close at 44.18 dollars a barrel on the London ICE Futures Exchange.
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