Oil falls as investors assess Mideast tensions, International Energy Agency's report

Oil fell Thursday as traders assessed potential supply disruptions following attacks on ships passing through the Strait of Hormuz, while digesting the International Energy Agency's latest monthly report on the outlook of the oil market. Futures for international benchmark Brent crude for December delivery dropped 1.66% to $104.31 a barrel. U.S. West Texas Intermediate futures for November fell 1.09% to $94.05 per barrel. A Singapore registered ship was sunk in the critical Strait of Hormuz, which raised worries of a prolonged Mideast conflict. "Such attacks are unprovoked, unjustifiable and a breach of international law," the Singapore maritime authority said in a statement Wednesday.