Oil falls as investors weigh ample 2025 supply outlook

Brent crude settled down 22 cents, or 0.3%, at US$72.09 a barrel, while US West Texas Intermediate (WTI) settled down 24 cents, or 0.35%, at US$68.30 a barrel.

HOUSTON: Oil prices fell on Thursday as investors weighed an ample supply outlook for next year against Opec+ delaying its planned output increase by three months to April 2025.

Brent crude settled down 22 cents, or 0.3%, at US$72.09 a barrel, while US West Texas Intermediate (WTI) settled down 24 cents, or 0.35%, at US$68.30 a barrel.