Brent crude futures fell 32 cents, or 0.4%, to settle at US$74.29 a barrel. US West Texas Intermediate crude fell 42 cents, or 0.6%, to US$70.61.
NEW YORK: Oil prices settled lower on Thursday after US President Donald Trump repeated a pledge to raise US oil production, unnerving traders a day after the country reported a much bigger-than-anticipated jump in crude stockpiles.
Brent crude futures fell 32 cents, or 0.4%, to settle at US$74.29 a barrel. US West Texas Intermediate crude fell 42 cents, or 0.6%, to US$70.61.
