Brent crude futures fell US$1.24, or 1.9%, to settle at US$64.11 a barrel. US West Texas Intermediate crude dropped US$1.30, or 2.1%, to settle at US$60.48 a barrel.
NEW YORK: Oil prices settled down about 2% at the lowest in four months on Thursday, extending a run of declines into a fourth day, due to concerns about oversupply in the market ahead of a meeting of the Opec+ group over the weekend.
Brent crude futures fell US$1.24, or 1.9%, to settle at US$64.11 a barrel, the lowest since June 2. US West Texas Intermediate crude dropped US$1.30, or 2.1%, to settle at US$60.48 a barrel, the lowest since May 30.
