Singapore, May 13 (QNA) - Oil prices fell Wednesday after rising for three consecutive sessions, as investors awaited developments regarding the fragile ceasefire in the war with Iran.
Brent crude futures fell 82 cents, or 0.76 percent, to $106.95 a barrel, while US West Texas Intermediate crude dropped 66 cents, or 0.65 percent, to $101.52.
Both benchmarks had approached or exceeded $100 a barrel since the United States and Israel launched attacks on Iran in late February, and Tehran effectively closed the Strait of Hormuz. (QNA)