Oil prices dropped below $86 a barrel today on soaring crude stockpiles in the USA and a stronger dollar.

For May delivery, US crude fell 12¢ to $85.76 a barrel by 0443 GMT, while London ICE Brent slid 18¢ to $85.41, pulled lower by the tenth consecutive weekly gain in US crude supplies, reports Reuters.

According to the US Energy Information Administration (EIA), US crude stocks rose last week to their highest level in nearly ten months as imports surged, offsetting higher demand by refiners who are ramping up operations.

The EIA said that commercial stockpiles rose 2 million barrels to 356.2 million barrels in the week ending 2 April, while inventories of distillate fuel comprising heating oil and diesel unexpectedly increased.