<ul><li>Oil prices extended their decline due to higher US crude stockpiles, signaling oversupply concerns in the market.</li><li>Brent traded below $65 a barrel and West Texas Intermediate near $61, with commercial inventories of crude rising for a second week.</li><li>Worries about an oversupplied market, wider financial market retreats, and concerns about Washington's deficit contributed to the decline.</li><li>OPEC and its allies pushing more barrels into the market, US-led trade war worries about global economic growth slowing also impacted prices.</li></ul>

Oil Extends Drop On US Stockpile Build And Wider Market Selloff

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