Doha:Oil prices declined on Thursday, reversing the gains observed in the previous session. Brent crude futures saw a decrease to $114.50 per barrel, while U.S. crude dropped below $102.
According to Qatar News Agency, Brent crude futures fell by 82 cents, representing a 0.7% decrease, to settle at $114.50 per barrel. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures experienced a drop of $1.04, or 1%, reaching $101.74 per barrel.
This decline comes after a strong performance in the previous session, where Brent increased by 1.3% and WTI surged by 3%.