BEIJING: Oil prices fell for a second day on Wednesday after a report that crude stockpiles in the U.S., the world's biggest oil user, surged and on signs major producers are unlikely to change their output policy at a technical meeting next week.
Brent crude futures for May dropped 74 cents, or 0.9%, to $85.51 a barrel at 0420 GMT. The May contract is set to expire on Thursday and the more actively traded June contract declined 68 cents, or 0.8%, at $84.95.
