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Oil plunged the most in more than a year as early signals that demand is flagging exacerbated markets' unease over the prospect of a punishing stretch of high interest rates.

Oil fell below $70 as the physical market for crude signaled that supplies are more than adequate to meet tepid demand.

Oil tumbled as concerns about a global economic slowdown and growing Covid-19 cases in China reduced traders' appetite for risk.

Oil fell more than 3% to a three-week low as trend-following algorithms accelerated the day's selloff.

Oil plunged to the lowest level in five months as signs of robust supplies piled up.

Oil fell to the lowest since June as momentum traders and lower market volumes worsened a plunge that has been driven by concerns the market is oversupplied.

Oil plummeted to the lowest since July as trend-following trades accelerated losses that were kicked off by swelling inventories and the failure of key technical support levels.

Oil fell the most in almost four months as thin trading volumes exacerbated the fallout from gloomy reports about the health of the global economy.

Oil plunged the most in more than two weeks amid signs Israel is rethinking the scope of a potential invasion of Gaza, at least temporarily containing the conflict in the Middle East.

Oil prices fell the most in about a month as government data showed US crude inventories swelled to the highest levels since June 2021.