Oil prices fell on Thursday, pressured by geopolitical developments and giving back some of the previous session's gains. Brent crude futures dropped 82 cents, or 0.7 percent, to $114.50 a barrel, while US West Texas Intermediate crude futures fell $1.04, or 1 percent, to $101.74.
Gold prices also declined as the dollar rose, with investors assessing monetary policy signals from the Federal Reserve and its chairman, Kevin Warsh, after the US central bank left interest rates unchanged.
Spot gold fell 0.7 percent to $4,039.26 an ounce, while US gold futures for December delivery settled at $4,051.
Among other precious metals, spot silver dropped 0.7 percent to $53.60 an ounce and platinum slipped 0.3 percent to $1,533.50, while palladium rose 0.7 percent to $1,017.29.
