TOKYO: Oil prices fell on Thursday, reversing gains in the previous session, after OPEC showed no signs of supporting Iran’s call for an oil embargo on Israel and as the United States plans to ease Venezuela sanctions to allow more oil to flow globally.
Brent futures for December fell 0.5%, or 43 cents, to $91.07 a barrel. U.S. West Texas Intermediate (WTI) futures for November, which expire on Friday, dropped 0.2%, or 17 cents, to trade at $88.15 per barrel. The more active December WTI contract was down 0.3%, or 22 cents, to $87.05 a barrel at 0442 GMT.
