Gains in equities and a weak dollar are supporting prices, but the IMF released fresh projections for 2013, which was little changed around the globe from its October prediction -- except in the eurozone, which is now expected to contract slightly this year.
By the end of the session, oil had dropped 93 cents to reach $95.67 a barrel on the New York Mercantile Exchange.
Gasoline added 3.31 cents to $2.8521 a gallon.
Home heating oil dropped 0.21 cents to $3.06 a gallon.
Natural gas gained 0.2 cent to $3.572 per million British thermal units.
At the pump, AAA reported the national average price for regular unleaded gasoline rose to $3.316 per gallon from Tuesday's $3.31.
Notable deaths of 2014 [PHOTOS]
GM recalls 221,000 Cadillacs and Impalas