Oil prices extended losses on Thursday after a 3% drop in the previous session, as investors switched focus to signs that a wider conflict in the key Middle East could be avoided, as well as demand concerns.
futures were down 63 cents, or 0.72%, at $86.66 a barrel, while U.S. West Texas Intermediate (WTI) crude futures traded 64 cents lower, or 0.77%, at $82.05 a barrel at…

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