New Delhi, March 18 -- International crude oil prices fell over 1% on Wednesday after a sharp rise in US inventories, though losses were limited by supply concerns amid the West Asia conflict.

A Reuters report, citing data from the American Petroleum Institute, said US crude stockpiles rose by 6.56 million barrels in the week ended 13 March.

At 8:50 am, the April contract of Brent crude on the Intercontinental Exchange was trading at $102.07 per barrel, down 1.27% from the previous close. The April contract of West Texas Intermediate (WTI) on the New York Mercantile Exchange fell 1.92% to $94.36 per barrel.

The decline in prices remained limited due to ongoing global supply concerns linked to the conflict in West Asia.

An agreement be...