Pakistan, July 30 -- Global oil prices edged lower on Thursday as crude shipments continued to move through key Middle East maritime routes despite escalating regional conflict, easing concerns over immediate supply disruptions.

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Brent crude futures fell $1.29, or 1.42%, to $89.45 per barrel, while US West Texas Intermediate (WTI) crude declined 56 cents, or 0.66%, to $83.90 per barrel. The pullback followed sharp gains in the previous trading session, when Brent surged nearly 8% and WTI rose more than 6% amid renewed military escalation in the region.

Market sentiment improved after shipping data showed that 39 commodity vessels transited the Bab el-Mandeb Strait into the Red Sea ...