The price of oil fell.
After rising more than a dollar in trading the previous day, the price of oil fell by more than a dollar on Thursday, influenced by hopes of progress in peace talks on Middle East issues and the war between Russia and Ukraine, which allayed market concerns about supply.
The price of Brent crude oil fell by $1 and 14 cents, equivalent to 1.2%, to $91 and 62 cents per barrel. The US West Texas Intermediate (WTI) crude oil price also traded at $85.49, down $1.4 cents, equivalent to 1.2%.