Oil falls over $1 on easing geopolitical fears and oversupply worries

TOKYO/SINGAPORE: Oil prices fell more than $1 per barrel on Thursday as easing concerns over an escalation of conflict in the Middle East reduced the risk premium in crude markets, while rising OPEC+ output and growing US inventories fed worries about oversupply. Brent futures were down $1.47, or 1.58%, to $91.29 a barrel by 0426 GMT. US West Texas Intermediate crude futures slipped $1.24, or…

First reported by The Express Tribune 7 hr agoLatest report 1 hr ago2 sources

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The Express Tribune00:167 hr ago
Oil falls over $1 on easing geopolitical fears and oversupply worries (opens The Express Tribune in a new tab)
Brent futures fall $1.47, or 1.58%, to $91.29 a barrel
Business Recorder06:341 hr ago
Oil falls over $1 on easing geopolitical fears and oversupply worries (opens Business Recorder in a new tab)
TOKYO/SINGAPORE: Oil prices fell more than $1 per barrel on Thursday as easing concerns over an escalation of conflict in the Middle East reduced the risk premium in crude markets, while rising OPEC+ output and growing US inventories fed worries about…