Manila:Investors are reacting to the latest supply risks and developments in the Middle East as oil prices dropped by more than $1 in early trading on Thursday.
According to Saudi Press Agency, Brent crude futures fell $1.39, or 1.31%, reaching $104.67 per barrel. Meanwhile, US West Texas Intermediate (WTI) crude futures decreased by $1.02, or 1.07%, to $94.07 per barrel, reversing the gains seen in the previous session.