NEW YORK: Oil prices slid on Thursday, settling about 2% lower as concerns over possible softening of US demand and broad oversupply offset threats to output from the conflict in the Middle East and the war in Ukraine.
Brent crude futures fell US$1.12, or 1.7%, to settle at US$66.37 a barrel. US West Texas Intermediate (WTI) crude fell US$1.30, or 2.0%, to settle at US$62.37.
