Oil prices fell for the second consecutive session on Wednesday as the dollar strengthened and government data showed a surprise jump in U.S. crude and gasoline stocks.
Brent crude futures for May shed 16 cents, or 0.2%, to settle at $86.09 a barrel while the more actively traded June contract was down 22 cents to $85.41. The May contract expires on Thursday.
U.S. West Texas Intermediate (WTI) crude futures for May delivery dropped 27 cents, or 0.3%, to $81.35 a barrel. Both Brent and WTI futures have been under selling pressure since hitting more than four-month highs last week.
