India, Sept. 17 -- Oil prices fell on Thursday, extending the losses seen in the previous session. The decline came after reports that Saudi Arabia was arranging additional crude shipments through Oman, easing some fears about a shortage of oil. However, oil prices remained above $100 a barrel because traders are still worried that the Middle East conflict could spread further.

Brent crude futures fell $1.09, or 1.03%, to $104.74 a barrel at 0801 GMT on Thursday. US West Texas Intermediate (WTI) futures fell 83 cents, or 0.81%, to $101.60 a barrel. Both Brent and WTI had fallen by about $3 a barrel on Wednesday.

One major reason is that Saudi Arabia is finding ways to keep crude shipments moving despite damage to its oil infrastructure....