Brent crude futures LCOc1rose 52 cents to settle at $107.14 a barrel, after gaining $2.22 on Wednesday. U.S. West Texas Intermediate crude (WTI) CLc1fell 84 cents to settle at $96.42 a barrel, after rising $2.28 in the previous session.
SINGAPORE: Oil prices fell more than 1% on Wednesday, pressured by a strengthening dollar and crude storage builds that offset support from U.S. production cuts caused by Hurricane Ian.
Brent crude futures fell $1.02, or 1.2%, to $85.25 per barrel by 0630 GMT, while U.S. West Texas Intermediate (WTI) crude futures were down 97 cents, or 1.2%, at $77.53 per barrel. Both contracts had risen over 2% in the previous session.
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