Oil futures fell around 2 percent on Wednesday on concerns that a producer meeting planned for Sunday could fail to rein in ballooning overproduction, while a stronger dollar also weighed on fuel markets.
As of 0716 GMT, Brent crude had dropped 78 cents to $43.90 a barrel, or 1.7 percent, after hitting a four-month high in the previous session, when it settled up $1.86, or 4.3 percent.
U.S. crude declined 83 cents, or 1.97 percent, to $41.34 a barrel after gaining $1.81, or 4.48 percent, the day before.
