Brent futures settled down US$2.76 or 4.15%, at US$63.76 a barrel. US West Texas Intermediate crude fell US$2.83, or 4.56%, to US$59.19.
HOUSTON: Oil prices settled down around 4% on Thursday ending a five-day streak of gains after US President Donald Trump said the crackdown on protesters in Iran was easing, allaying concerns over potential military action against Iran and oil supply disruptions.
Brent futures settled down US$2.76 or 4.15%, at US$63.76 a barrel. US West Texas Intermediate crude fell US$2.83, or 4.56%, to US$59.19.
