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Oil Prices Fall as Peace Hopes Ease Middle East Supply Fears

Brent crude futures fell 82 cents, or 0.7%, to $114.50 a barrel by 0132 GMT.

BRNCLUKOIL
SquawkNews Desk

By Yuka ObayashiOil prices fell on Thursday, paring the previous day's gains, as hopes for peace talks took the edge off renewed concerns over Middle East supply disruptions from escalating regional conflict.Brent crude futures ICEEUR:BRN1! declined 82 cents, or 0.7%, to $114.50 a barrel by 0132 GM…

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