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Oil prices settle lower
HOUSTON: Oil prices fell on Thursday in a choppy session as hopes for peace talks between the US and Iran offset some concerns over Middle East supply disruptions from an escalating regional conflict. Brent crude futures settled down 44 cents, or 0.38 percent, to USD114.88 a barrel. US West Texas Intermediate (WTI) crude futures settled down 78 cents, or 0.76 percent, at USD102. Both benchmarks fell by more than USD2 a barrel earlier in the session, unwinding some of Brent’s 1.3 percent and WTI’s 3 percent Wednesday gains. US oil firms ExxonMobil and Chevron have cancelled plans for their exec...
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