By Nick Godt
NEW YORK (MarketWatch) -- Crude oil futures remained lower early on Wednesday, after the government reported U.S. consumer prices increased a seasonally adjusted 0.4% in August, pushed higher by a 9.1% increase in gasoline prices. Crude oil for October delivery fell 28 cents a barrel, or 0.4%, to $70.65. Core consumer prices - which exclude food and energy prices to get a better look at underlying inflation - rose 0.1% in August. Both the CPI and the core CPI came in a tenth of a percentage point higher than estimated by economists surveyed by MarketWatch ahead of the report. Crude oil prices came under pressure after the American Petroleum Institute on Tuesday reported an unexpected increase in weekly inventories.
