Oil prices slide as Biden pushes for US fuel cost cuts(Update)

U.S. West Texas Intermediate (WTI) crude CLc1 futures fell US$1.34, or 1,2%, to $108.18 a barrel at 0031 GMT, while Brent crude LCOc1 futures dropped $1.33, or 1.2%, to $113.32 a barrel.

MELBOURNE: Oil prices skidded in early trade on Wednesday amid a push by U.S. President Joe Biden to bring down soaring fuel costs, including pressure on major U.S. firms to help ease the pain for drivers during the country's peak summer demand.

U.S. West Texas Intermediate (WTI) crude CLc1 futures fell US$1.34, or 1,2%, to $108.18 a barrel at 0031 GMT, while Brent crude LCOc1 futures dropped $1.33, or 1.2%, to $113.32 a barrel.