Brent crude futures settled down 14 cents, or 0.22%, to US$63.38 a barrel. US West Texas Intermediate futures settled down 17 cents, or 0.29%, to US$59.43.
HOUSTON: Oil prices declined on Thursday as investors considered a potential supply glut, as well as weakened demand in the United States, the world's largest oil consumer.
Brent crude futures settled down 14 cents, or 0.22%, to US$63.38 a barrel. US West Texas Intermediate futures settled down 17 cents, or 0.29%, to US$59.43.
