Oil prices fall for third day on hopes of limited Saudi supply disruptions
Oil prices fell for a third day on Friday as easing concerns over Saudi supply disruptions outweighed anxiety about a widening the Middle East conflict amid fresh fighting between Saudi Arabia and Yemen’s Houthis. Brent crude futures fell 79 cents, or 0.75%, to $104 a barrel by 0319 GMT, while US West Texas Intermediate futures fell 70 cents, or 0.69%, to $101.20 a barrel. Both benchmarks closed down about 1% on Thursday. Brent prices are on track for their first weekly loss in three, down 0.5%, while WTI is set to gain 1.2%.