Oil prices fell on Thursday, extending a steep decline the previous session due to signs that Saudi Arabia, the world’s largest crude exporter, could raise production and data showing a contraction in the US economy, the world’s top oil consumer.
Brent crude futures fell $1.1, or 1.8 per cent, to $59.96 a barrel as at 1207 GMT. US West Texas Intermediate crude futures fell $1.14, or 2 per cent, to
