Oil prices drop to 12-day low as Brent falls 3.4%

Brent crude futures for November delivery fell $3.53, or 3.4%, to settle at $100.34 per barrel.

U.S. West Texas Intermediate (WTI) crude for October delivery dropped $4.52, or 4.51%, to settle at $95.78 per barrel. The November WTI contract stood at $92.47 per barrel.

Earlier, Qazinform reported oil prices held above $100 as Middle East supply concerns persisted.