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.
WTI crude futures for August delivery fell by 32 cents, or 0.3 percent, to $102.28 a barrel. The contract climbed 5.1 percent on Monday and the largest percentage gain since May 11.
The August WTI contract expires on Wednesday and the more actively traded September contract was at $98.85 a barrel, down 57 cents, or 0.6 percent….