Oil remains under pressure from equity markets and fears of weak demand in China
WTI crude futures fell to $77 a barrel on Thursday, their lowest level since early June, as prevailing negative sentiment in global equity markets weighed on risk assets.
US stocks fell overnight as technology stocks sold off sharply amid disappointing quarterly results.
Oil prices fell on Thursday as demand signals driven by weak consumption in China outweighed the previous day's data showing a big drawdown in U.S. inventories.
Brent crude futures for September fell $1.01, or 1.2%, to $80.70 a barrel by 1117 GMT. US West Texas Intermediate crude oil for September fell by $1.2, or...