Oil prices declined on Thursday after rising sharply in the past sessions.

U.S. crude and Brent gained nine percent and seven percent in the past 14 trading sessions separately, amid market expectation for renewed demand from U.S. refiners in the wake of Hurricane Harvey.

Analysts said the market has made a very impressive run and it is time for a pullback.

Moreover, a strong dollar continued to weigh on the oil market as the dollar-priced commodity became less attractive for holders of other currencies.

The West Texas Intermediate for November delivery lost 0.58 dollar to settle at 51.56 dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery erased 0.49 dollar to close at 57.41 dollars a barrel on the London ICE Futures Exchange.