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1558597471683308800
Thu, 2019-05-23 06:58
LONDON: Oil prices dropped on Thursday, extending falls from the previous session amid surging US crude inventories as ample supply and weak refinery data weighed on demand.
Brent crude futures, the international benchmark for oil prices, were at $70.40 per barrel at 0857 GMT, down 59 cents from their last close.
US West Texas Intermediate (WTI) crude futures were down by 43 cents at $60.99 per barrel, after falling 2.5 percent the previous day.
Brent is set for its biggest weekly fall in 12 weeks and WTI in 15 weeks.
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