Oil prices fell on Thursday to extend losses from the previous session as recession fears mounted.
Industry data showing an unexpected build in U.S. stockpiles last week and the Biden administration's push for a series of measures to address high gasoline prices also added to the downside momentum.
Benchmark Brent crude futures and WTI crude futures both fell nearly 2 percent to $109.63 per barrel and $104.11, respectively in European trade.
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Market Analysis
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.