oil rig
  • Oil prices fell again on Thursday, following Wednesday's drop of as much as 6%.
  • The sharp drop Wednesday followed weekly data from the Energy Department that indicated lower demand for gasoline.
  • Oil prices soared roughly 30% over the last couple months leading up to the latest decline. 

Oil prices declined further on Thursday, following the prior day's roughly 6% plunge for both Brent and West Texas Intermediate crude.