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Oil prices fell over 1 percent on Thursday, deepening steep losses in recent days, after the U.S. Federal Reserve increased interest rates and investors worried about a weakening global economy that could dent energy demand.
Brent futures fell 76 cents, or 1.1 percent, to $71.57 a barrel by 0002 GMT. The global benchmark on Wednesday posted its lowest settle since December 2021.
U.S. West Texas Intermediate crude (WTI) fell $1, or 1.5 percent, to $67.60 a barrel. WTI in early trading on Thursday fell to a session low of $63.64 a barrel, the lowest since December 2021.
