Sharjah24 – Reuters: Oil prices fell on Thursday, extending losses from the previous session as supply disruption fears eased on news that Group of Seven (G7) nations were considering a price ceiling high for Russian oil.
A larger-than-expected build in US gasoline inventories added to the downward pressure.
Brent crude futures were down 43 cents, or 0.5%, to $84.98 a barrel by 0102 GMT, while US West Texas Intermediate (WTI) crude oil futures were down 35 cents, or 0. .5%, to $77.59 a barrel.
Both benchmark contracts fell more than 3% Wednesday on news that the planned price limit could be higher than the current market level.
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