NEW YORK, Feb. 7 (Xinhua) -- Crude oil prices fell below 58 U.S. dollars on Wednesday on sufficient U.S. energy inventory.

    New York's main oil futures contract, light sweet crude for March delivery, fell 1.17 dollars to 57.71 dollars per barrel.

    In London, the price of Brent North Sea crude for delivery in March lost 1.19 dollars to 57.23 dollars per barrel.

    The U.S. Department of Energy said on Wednesday that its crude stockpiles shrink by 400,000 barrels to 324.5 million in the week ending Feb. 2. Domestic distillate supplies, including heating oil, lost 3.7 million barrels to 136.3 million Gasoline inventories rose by 2.6 million barrels to 227.2 million barrels.

    But the current U.S. energy inventory levels "remain above the upper end of the average range for this time of year," said the Department of Energy.

    Forecasters said that the coldest weather of the season could spread the U.S. Northeast till through Feb. 19, the biggest heating oil market in the world, spurring demand for heating fuel.