Tokyo, November 12 (QNA) - Oil prices fell more than $1 a barrel on Thursday as prospects of an end to the Russia-Ukraine war fueled expectations of increased global energy supplies.
Brent crude futures fell $1.14, or 1.2%, to $91.62 a barrel, while US West Texas Intermediate (WTI) crude futures declined $1.04, or 1.2%, to $85.49 a barrel.
Brent gained about 1.4% and WTI 0.6% on Wednesday, after both benchmarks had fallen to their lowest levels in two months in the previous session.
US crude inventories rose by 9 million barrels last week, according to market sources citing data from the American Petroleum Institute (API).
The US Energy Information Administration (EIA) is due to release its official inventory figures later Thursday, a day behind schedule after the report was delayed by a US public holiday on Wednesday. (QNA)