Both benchmarks fell more than 1 per cent on Wednesday as a stronger dollar and the bigger-than-expected rise in US fuel stockpiles weighed on prices

​​​Brent crude oil rally stalls while copper, silver prices rise​ amid weakening US dollar.​

Oil prices fell on Thursday, extending losses from the previous day, pressured by large builds in U.S. fuel inventories last week, though concerns over tighter supplies from OPEC members and Russia capped the decline.

Oil futures settled with a loss on Wednesday after the U.S. Energy Information Administration reported that commercial crude inventories fell for a seventh straight week, but gasoline and distillate stockpiles climbed by more than 6 million barrels each.

The oil markets are both rallying in the early hours of Tuesday, as we continue to hang about the 200 Day EMA. At this point, it looks like the oil markets continue to see a lot of bullish behavior.