Oil prices extended losses on Thursday, falling to their lowest point since early August, as worries about weaker U.S. gasoline demand and a sluggish economic recovery from the COVID-19 pandemic dented sentiment. Brent crude LCOc1 fell 79 cents, or 1.8%, to $43.64 a barrel by 0845 GMT. U.S. West Texas Intermediate (WTI) crude CLc1 futures were down 67 cents, or 1.6%, at $40.84 a barrel. Both benchmarks fell more than 2% on Wednesday. U.S. gasoline demand last week fell to 8.78 million barrels per day (bpd) from 9.16 million bpd a week earlier, Energy Information Administration (EIA) data showed on Wednesday, with consumption of other oil products also falling. [EIA/S] “It is the latest data set that possibly caught the […]