SINGAPORE – Brent crude futures fell 44 cents, or 0.5 percent, to $94.49 a barrel, while U.S. West Texas Intermediate crude slipped 70 cents, or 0.8 percent, to $90.59 a barrel. Both benchmarks were little changed at settlement yesterday.
The White House yesterday expressed optimism about reaching an agreement to end the war with Iran. The US-Israeli war on Iran has caused the biggest ever disruption to global oil and gas supplies.
Meanwhile, the U.S. Energy Information Administration reported that crude oil inventories fell by 913,000 barrels to 463.8 million barrels in the week ending April 10, while analysts had expected an increase of 154,000 barrels.
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