Oil prices fall, Brent at US$93.65 per barrel

Oil prices fell for a fourth day on Thursday, extending losses after tumbling by more than 8 percent in the previous session.

Brent futures fell 97 cents, or 1.03 percent, to US$93.65 a barrel as of 02:11 GMT, while US West Texas Intermediate crude futures were down US$1.14, or 1.29 percent, to US$86.98.

Both benchmarks tumbled by more than 8 percent in the previous session to settle at their lowest levels since 31st August.