India, Sept. 24 -- Crude oil prices moved lower on Thursday after recording a sharp gain in the previous session, with investors assessing developments in the US-Iran war, the possibility of renewed diplomacy and changing crude demand across Asia.

Brent crude futures for November delivery were down around 0.5% at $102.54 per barrel, while US West Texas Intermediate (WTI) futures declined about 0.3% to $91.85. In another market reading, Brent was down 94 cents, or 0.9%, at $102.13 a barrel, while WTI slipped 59 cents, or 0.7%, to $91.56.

Asian Crude Imports Reach Highest Level Since Iran War

Asia's oil demand remains a key factor for the market. Regional crude imports are expected to reach 23.96 million barrels per day in September, acc...