Oil prices inch lower ahead of a meeting of OPEC+ producers on supply cut

Oil prices moderated very slightly on Wednesday after gaining more than 3% in the previous session ahead of a meeting of OPEC+ producers to discuss a big cut in crude output.

Traders said a stronger dollar was the main reason for the slightly easier prices, as it reduced demand from buyers using other currencies. [FRX/]

Brent crude fell 22 cents, or 0.2%, to $91.58 a barrel at 0427 GMT, after climbing $2.94 in the previous session.

U.S. West Texas Intermediate (WTI) crude futures fell 29 cents, or 0.3%, to $86.23 a barrel after gaining $2.89 in the previous session.