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Brent crude is down 0.2%

Brent crude is down 0.2%

Oil prices fell in Asia on Thursday, after rising more than $1 in the previous session, as concerns about supply disruptions eased and markets looked for evidence of improving fuel demand.

Brent crude futures fell 18 cents, or 0.2 percent, to $97.22 a barrel, while US West Texas Intermediate crude futures fell 22 cents, or 0.2 percent, to $91.71.

The resumption of flows on the Druzhba pipeline from Russia to Europe allayed market concerns about global supplies.

Oil prices around the world began to decline along with futures contracts, reflecting waning concerns about Russia-led supply disruptions and growing concerns about a possible global economic slowdown.

Monthly oil reports from the International Energy Agency and the Organization of the Petroleum Exporting Countries (OPEC) are expected later on Thursday.