Crude-oil futures extended their slide Thursday as a persistent global supply glut, a strengthening dollar and concerns about China’s economy continued to throw a bearish pall over the market.Brent crude LCOU5, +0.26% the global oil benchmark, fell 7 cents, or 0.1%, to $49.52 a barrel on London’s ICE Futures exchange.
On the New York Mercantile Exchange, West Texas Intermediate futures CLU5, +0.25% dropped 49 cents, or 1.1%, to close at $44.66 a barrel, its lowest settlement price since March.
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