Oil prices fall as Brent crude drops to $104 per barrel

Oil prices fell at the start of trading on Thursday, continuing their decline from the previous session after reports downplayed fears of supply disruptions in the Middle East.

As of 00:49 GMT, Brent crude futures were down $1.24, or 1.2%, at $104.59 per barrel, while US West Texas Intermediate futures dropped $1.14, or 1.1%, to $101.29. Both benchmarks fell by about $3 on Wednesday.