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New York: Oil prices closed lower on Thursday, with both benchmark crude contracts falling by nearly 2% amid ongoing market volatility.
Brent crude futures dropped by US$ 1.24, or 1.9%, to settle at US$ 64.11 per barrel.
Meanwhile, West Texas Intermediate (WTI) crude fell by US$ 1.30, or 2.1%, to close at US$ 60.48 per barrel.
The decline comes as investors weigh global economic concerns and demand outlooks.
