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Beijing, October 15 (QNA) – Oil prices fell more than $1 in early trading on Thursday as investors weighed supply risks stemming from attacks on shipping through the Strait of Hormuz against US efforts to lower oil transport costs by easing sanctions on vessels.
Brent crude futures fell $1.39, or 1.31%, to $104.67 a barrel by 0116 GMT, while US West Texas Intermediate (WTI) crude futures dropped $1.02, or 1.07%, to $94.07, reversing gains from the previous session.
WTI had climbed to a three-week high in the previous session. (QNA)
