Brent crude oil futures dropped below $US69 a barrel for the first time since December 2021, a fresh leg lower in a price slump spurred by robust supplies, demand concerns and rampant speculative selling.
At 3.27pm in New York, the global benchmark was 3.3 per cent lower to $US69.46 a barrel; it earlier traded at less than $US69. West Texas Intermediate crude was 3.9 per cent lower to $US66.05 after plunging more than 4.5 per cent.
