Sri Lanka, April 15 -- Oil prices fell for a second day on Wednesday on expectations peace talks between the U.S. and Iran may resume and eventually release supply from the key Middle East producing region trapped by the closure of the Strait of Hormuz.

Brent crude futures fell 52 cents, or 0.55 per cent, to $94.27 a barrel at 0054 GMT after falling 4.6 per cent in the previous session. U.S. West Texas Intermediate crude was down $1.04, or 1.1 per cent, to $90.24 after dropping 7.9 per cent the session before.

Talks to end the war between the U.S. and Israel and Iran could resume in Pakistan over the next two days, U.S. President Donald Trump said on Tuesday, after the collapse of negotiations over the weekend prompted Washington to imp...