Oil prices slide in early trading, Brent at $104.59

Oil prices moved lower in early trading Thursday, following losses recorded in the previous session amid ongoing pressure on crude markets, Qazinform News Agency cites WAM.

Oil prices slide in early trading, Brent at $104.59
Photo credit: Canva / Qazinform

As of 00:49 GMT, Brent crude futures had fallen $1.24, or 1.2 percent, to $104.59 per barrel. U.S. West Texas Intermediate (WTI) crude futures dropped $1.14, or 1.1 percent, to $101.29 per barrel.

Both benchmarks had fallen by around $3 per barrel by the close of trading on Wednesday.

Earlier, Qazinform reported oil prices surged to multi-month highs. 

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