Oil prices fell on Thursday after rising about 2 percent the previous day as the US eased sanctions on Opec member Venezuela amid supply concerns caused by the Israel-Gaza war. Brent, the benchmark for two-third of the world’s oil, was trading 1.85 percent lower at $89.81 a barrel while West Texas Intermediate, the gauge that tracks US crude, was down 1.61 percent at $86.90 a barrel. On Wednesday, Brent settled 1.78 percent higher at $91.50 a barrel while WTI was up 1.92 percent at $88.32.
