Oil drops 4 percent as equities slide sparks demand worries
Updated : November 21, 2018 06:20 AM IST
U.S. West Texas Intermediate (WTI) crude futures were at $54.72 per barrel, down $2.48, or 4.3 percent by 11:14 a.m. EST (1614 GMT). The contract fell as much as 6.2 percent earlier in the session to $53.63 a barrel, the lowest since October 2017.
Brent crude futures were $2.72, or 4.1 percent, lower at $64.07 a barrel. The international benchmark fell as much as 5.1 percent to $63.36, the lowest since early March.
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