US Crude Prices Fall on Mideast Supply Risks
Benchmark US crude futures dropped by nearly one dollar as traders assessed potential energy supply disruptions from escalating Middle East conflicts. The decline follows a three percent gain earlier in the week driven by regional attacks.
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West Texas Oil crude futures fell 92 cents, or 0.9%, to $101.86 a barrel during Thursday morning trade in Asia. The pullback pares a 3% gain from the previous session. Traders are weighing risks that expanding conflicts across the Middle East could disrupt regional energy flows.
