Crude-oil for May delivery fell $1.27, or 2.6%, to end at $48.39 a barrel on the New York Mercantile Exchange on Wednesday as US petroleum inventories unexpectedly increased last week.

The investors and traders considered whether the G20 nations can act together to pull the global economy out of recession also drive the oil price down.

Crude inventories also rose from their highest level in 16years which add more pressure in crude trading.

The recent date showed that the US labor market worsened again in March .