ISTANBUL
Oil prices slid on Wednesday above falling demand indicators fueled by a massive surge in U.S. crude inventories, while rising COVID-19 cases in China further exacerbated demand fears.
International benchmark Brent was trading at $93.23 a barrel as of 09:49 local time (0649 GMT), down 0.67% from the previous trading session’s close of $93.86 a barrel.
American benchmark West Texas Intermediate (WTI) was trading at $86.22 a barrel.
