Oil prices are down more than two per cent after reports of talks in Europe on additional diesel and crude stock releases, easing concerns over tight global energy supplies, Reuters reports.
Brent is down $2.53, or 2.47pc, at $99.78 a barrel as of 1202 GMT (5:02pm PKT). West Texas Intermediate dropped $3.32, or 3.57pc, to $89.55 a barrel.
