LONDON—Oil prices extended losses from the previous session on Wednesday, as growing expectations that cuts to U.S. interest rates will take longer than thought outweighed ongoing concerns over attacks on shipping in the Red Sea.
Brent crude futures fell by 47 cents, or 0.57 percent, to $81.87 a barrel by 1034 GMT, while U.S. West Texas Intermediate crude futures (WTI) were lower by 48 cents, or 0.62 percent, at $76.56.
