Oil prices fall on Asian markets

(AGI) Singapore, Sept 11 - Oil prices closed lower on Asianmarkets on Thursday, continuing this week's downward trend. Theexpected drop in demand that had pushed prices down to a17-month low a couple of days ago was offset by growingconcerns for the geopolitical situation after U.S. PresidentBarack Obama announced air strikes on the Islamic State (IS) inIraq on Wednesday. London's Brent crude lost 4 cents to 98dollars a barrel and New York's WTI light crude dropped 8 centsto 91.59 dollars after falling to 91.22 dollars a barrel onWednesday, its lowest since May

(AGI) Singapore, Sept 11 - Oil prices closed lower on Asianmarkets on Thursday, continuing this week's downward trend. Theexpected drop in demand that had pushed prices down to a17-month low a couple of days ago was offset by growingconcerns for the geopolitical situation after U.S. PresidentBarack Obama announced air strikes on the Islamic State (IS) inIraq on Wednesday. London's Brent crude lost 4 cents to 98dollars a barrel and New York's WTI light crude dropped 8 centsto 91.59 dollars after falling to 91.22 dollars a barrel onWednesday, its lowest since May 2013. . .