SINGAPORE: Oil prices slid to a fresh six and a half year low in Asia on Thursday, approaching the key $40 a barrel level after a surprise rise in US inventories added to concerns of a supply glut.
US benchmark West Texas Intermediate (WTI) for delivery in September, which expires Thursday, dipped 21 cents to $40.59 in afternoon trade after falling sharply in New York to its lowest level since March 2009.
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