Oil fell for a second day after an industry report indicated the biggest increase in US inventories in more than three months.

Brent slid toward $64 a barrel, while West Texas Intermediate was near $60. US crude inventories rose 6.5 million barrels last week, according to a document from the American Petroleum Institute seen by Bloomberg. That would be the biggest jump since July 25 if confirmed by official data later Wednesday.

Oil declined Tuesday after a global equities rally hit a speed bump and the greenback climbed to the highest in more than five months, weighing on crude and other dollar-denominated commodities. WTI has fallen 16% this year as increased production from OPEC+ and non-member nations amplified concerns over a forming glut.

Traders were monitoring attacks on Russian

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