Oil prices ease as investors weigh supply outlook, Middle East tensions
RIYADH: Oil prices fell more than 1 percent on Thursday as investors weighed risks to supply from attacks on shipping through the Strait of Hormuz against US efforts to cut petroleum shipping costs by easing sanctions on vessels. Brent crude futures fell $1.76, or 1.7 percent, to $104.3 a barrel by 09:25 a.m. Saudi time, while US West Texas Intermediate crude futures were down $1.06, or 1.1…
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