London: Oil fell more than $4 towards $94 a barrel on Thursday, as the US dollar rose and as the US Senate’s approval of a $700 billion bailout of the financial sector failed to allay concerns over weakening fuel demand in the world’s top energy consumer.

US light crude for November delivery fell $4.39 to $94.14 by 1450 GMT, erasing earlier gains above $100. It had settled $2.11 lower at $98.53 on Wednesday, when US government data show-ed supplies rising and as the dollar firmed.

London Brent was down $4.33 at $91.00.