LONDON—Oil prices fell about 2 percent on Thursday as the United States eased sanctions on Venezuela to allow more oil to flow globally, but fears that Israel’s military campaign in Gaza may escalate to a regional conflict kept a lid on losses.
Brent futures for December were down $1.52, or 1.7 percent, to $89.98 a barrel at 0913 GMT. U.S. West Texas Intermediate (WTI) futures for November, which expire on Friday, stood at $87.07 per barrel, down $1.25, or 1.4 percent.
