Oil Prices Drop on Larger-than-expected U.S. Crude Stocks::
Oil prices extended losses on Thursday morning in Asia after a report showed larger-than-expected crude stocks in the U.S.
Also affecting the market were ongoing jitters over the disappearance of Washington Post journalist Jamal Khashoggi and the impact of the disappearance on relations between the U.S. and Saudi Arabia.
Crude Oil WTI Futures for November delivery edged down 0.11% to $69.67 per barrel by 11:13PM ET (03:13 GMT) on the New York Mercantile Exchange, falling below the $70 mark for the first time in about a month. Brent Oil Futures for December delivery lost 0.1% to $79.97 a barrel on London’s Intercontinental Exchange.