Oil prices fell on Thursday after Reuters reported the U.S. is considering easing sanctions on shadow fleet vessels carrying oil from sanctioned countries, which could help lower freight rates, though it was unclear whether the measures would proceed. Brent futures dropped 1.5% to $104.49 a barrel and WTI fell 1% to $94.14, with markets awaiting an IEA meeting on a possible extra 100 million barrel release on top of 400 million barrels already pledged. Hotter-than-expected U.S. inflation data lifted the dollar and raised bets on more rate hikes. Losses were limited by an unexpected 11.12 million barrel draw in U.S. inventories, as Hurricane Isaias disrupted Gulf coast production.
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