NEW YORK (MarketWatch) -- Oil futures pared their decline on Wednesday after data showed a better-than-expected 1.8% increase in durable goods orders in May. Crude oil for August delivery fell 39 cents to $68.86 a barrel in electronic trading on Globex. Earlier, the contract hit an intraday low of $68.06 a barrel after data showed that Japanese exports fell sharply and the American Petroleum Institute reported a rise in gasoline supplies. Investors are awaiting government figures on petroleum supply as well as the Federal Reserve's policy statement.
