LONDON—Oil prices fell sharply on Thursday, extending losses from the previous session, as the United States said it was considering selling oil from its strategic reserves and as Russia said it was ready to stabilise the natural gas market.
Brent crude prices fell $1.24, or 1.5 percent, to $79.84 a barrel by 0918 GMT, after falling to a session low of $79.08. WTI crude futures fell $1.69, or 2.2 percent, to $75.74 a barrel, having hit a session low of $74.96.
