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HOUSTON: Oil prices fell on Friday after China, acting on a request from Saudi Arabia, asked Iran to limit attacks by Houthi rebels on Saudi oil infrastructure that have threatened a second oil export route in the Middle East.
Brent crude futures settled at USD104.87 a barrel, down 95 cents, or 0.93percent. US West Texas Intermediate futures finished at USD100.30 a barrel, down USD1.61, or 1.58percent. Oil prices have moved up steadily in the last few weeks as the US and Iran resumed attacks on each other and the Iran-aligned Houthis also stepped up their military activities.