LONDON—Oil prices softened on Tuesday after soaring by more than $5 barrel in the previous session on expectations that U.S. crude inventories may have risen last week, but tight supplies and a weaker dollar curbed losses.
Brent crude futures for September settlement fell 68 cents or 0.6 percent to $105.59 a barrel by 0949 GMT. The contract rose 5.1 percent on Monday, the biggest percentage gain since April 12.
