Oil prices have extended losses from the previous session after US President Donald Trump has downplayed the need for additional military action against Iran, easing fears of sustained Middle East supply disruptions, with prospects of oversupply also in focus, Reuters reports.
Brent crude futures are down $2.92, or 3.15 per cent, at $89.65 a barrel as of 1334 GMT (6:34pm PKT). US West Texas Intermediate (WTI) futures are down $2.33, or 2.68pc, to $84.52.
