Oil prices extend losses as fears of Middle East supply disruptions ease

RIYADH: Oil prices eased in Asian trade on Thursday, extending ​losses on reports of Saudi Arabia offering extra crude cargoes through Oman, which reduced fears of supply ‌disruptions, but stayed above $100 on concerns about the Middle East conflict expanding. Brent crude futures dropped 19 cents, or 0.2 percent, to $105.64 a barrel by 06:47 a.m. Saudi time, while US West Texas Intermediate futures were down 33 cents, or 0.3 percent, at $102.10. Both contracts fell about $3 on Wednesday.