SINGAPORE, Sept 14 (Reuters) - Oil fell on Wednesday, pulling U.S. crude off six-week highs, as investors saw little upside from declining inventories in an environment where anxiety over the euro zone debacle is taking precedence over tightening supply.
U.S. crude
The euro zone crisis is capping gains in oil prices, said traders including Ken Hasegawa, a commodity derivatives manager at Japan's Newedge brokerage, while forecasters are lowering their demand growth outlooks for this year and next.
"Fundamentally, this market should be declining further," Hasegawa said. "We are seeing a decline in inventories, but that is not a serious matter, while the financial markets are a very concerning matter. There is no reason for crude to go higher, so we are seeing profit-taking." (Reporting by Alejandro Barbajosa;Editing by Clarence Fernandez)