Oil prices fall as Saudi Arabia offers extra crude via Oman

Oil prices fall as Saudi Arabia offers extra crude via Oman


Times24.net: Oil prices fell in early trade on Thursday, extending the previous day’s losses, as reports that Saudi Arabia was offering extra crude cargoes via Oman reduced fears of supply disruptions in the Middle East. Brent crude futures dropped $1.24, or 1.2%, to $104.59 a barrel as of 00:49 GMT, while US West Texas Intermediate (WTI) futures were down $1.14, or 1.1%, at $101.29.