Oil prices fell by more than a dollar today, amid hopes for an end to the war between Russia and Ukraine.
Brent crude futures fell $1.14, or 1.2 percent, to $91.62 per barrel, and US West Texas Intermediate crude futures fell $1.04, or 1.2 percent, to $85.49.
Brent crude rose by about 1.4 percent and US crude rose by 0.6 percent yesterday, Wednesday, after recording their lowest levels in two months in the previous session.
Market sources said, based on data issued by the American Petroleum Institute, that US crude inventories increased by nine million barrels during the past week.
Official data from the US Energy Information Administration is scheduled to be issued today, Thursday, after being postponed by one day due to a national holiday in the United States on Wednesday.