Oil prices extended their slide on Wednesday, with West Texas Intermediate September futures settling 52 cents lower at $62.65 a barrel, the weakest closing level in more than two months. Brent for October delivery fell 49 cents to $65.63. The declines cap three consecutive sessions of losses that have shaved roughly $3 from both benchmarks since the start of the week. The latest pressure came from government data showing an unexpected build in U.S. crude inventories. The Energy Information Administration said stockpiles rose 3.04 million barrels in the week to Aug. 8, defying analysts’ expectations for a 912,000-barrel draw. Gasoline inventories fell 792,000 barrels, while distillates climbed 714,000 barrels. The surprise build reinforced concerns about near-term oversupply and briefly knocked front-month crude prices about $1 lower intraday. Those worries were already intensifying after the EIA’s monthly Short-Term Energy Outlook, released Tuesday, trimmed its price projections. The agency now sees WTI averaging $63.58 a barrel in 2025 and $47.77 in 2026, down roughly $1.60 and $7.00 respectively from the prior forecast. The Brent outlook was cut to $67.22 for 2025 and $51.43 for 2026. The revisions reflect expectations that global supply growth, including record-high U.S. production of about 13.3 million barrels a day, will outpace demand. Adding to the day’s headlines, Enterprise Products Partners reported a crude leak on the 950,000-barrel-per-day Seaway pipeline near Houston, temporarily reducing flows. Traders said the disruption widened the premium for Midland-delivered WTI to 95 cents a barrel over futures, the strongest since April, though operators expected service to return later in the day.