International stocks trading in New York closed lower Wednesday. The BNY Mellon index of American depositary receipts fell 1.53% to 140.74. The European index declined 1.24% to 139.71, the Asian index dropped 1.77% to 141.81, the Latin American index fell 3.1% to 230.92 and the emerging markets index fell 2.31% to 261.96. Among the companies with shares that actively traded were major oil companies.

Oil prices took another dive Wednesday, aiming for fresh five-year lows on a U.S. government report showing a surprise increase in the country's crude stockpiles. Among major oil firms whose shares fell, China Petroleum & Chemical Corp. (SNP) fell 2.2% to $77.87; PetroChina Co. Ltd. (PTR) fell 2.6% to $102.98; Royal Dutch Shell PLC (RDSA) declined 2.5% to $63.95; Statoil ASA (STO) dropped 2.4% to $17.05 and Total SA (TOT) retreated 2.2% to $51.75.

U.K.-based BP PLC (BP, BP.LN) said Wednesday it expects to book $1 billion in restructuring charges over the next year. Much of the savings will come from long-planned head count cuts, a spokesman said. The company's exploration-and-production chief also gave an investor presentation that said BP "will look to pare back or rephase spend" on development by as much as $2 billion next year. BP shares fell 2% to $37.74.

Thirteen suspects in Brazil were indicted this week as part of investigation into corruption at Petroleo Brasileiro SA (PBR, PETR3.BR, PETR4.BR), or Petrobras. Twelve of the 13 suspects are from Brazilian construction companies accused of paying bribes to win Petrobras contracts. The other suspect is a lobbyist. So far no Petrobras executives have been indicted. Petrobras shares fell 4.9% to $7.75.

Write to Tess Stynes at tess.stynes@wsj.com

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