Why did oil prices fall on Thursday?

NEW YORK, Dec 7 (Reuters) - Oil prices fell on Thursday to six-month lows, as investors worried about sluggish energy demand in the United States and China while output from the U.S. remains near record highs. Brent crude futures dropped 25 cents to $74.05 a barrel. U.S. West Texas Intermediate crude futures fell 4 cents to $69.34.

Why did oil prices hit lowest levels in months?

Oil prices on Monday hit their lowest levels in months despite the Saudi-led OPEC and its Russia-led allies agreeing on Sunday to extend production cuts. Benchmark U.S. crude changed hands for as little as $75.12 a barrel in morning trading, according to Dow Jones Market Data, its cheapest price since Feb. 8.

Why are US oil futures falling?

Link Copied! David Zalubowski/AP US oil futures notched their seventh straight week of declines on Friday, marking their longest losing streak in five years. The prolonged drop comes as analysts worry about increased production around the globe and shrug off the Organization of the Petroleum Exporting Countries’ promises to limit supply.