Oil Extends Losses After Massive Sell-Off

Following the massive sell-off on Thursday, oil prices dipped again early on Friday as bearish sentiment continued its hold on the market. As of 9:47 a.m. EDT on Friday, WTI Crude prices were down 0.83 percent at $59.53, and Brent Crude was trading down 1.09 percent at $62.63, as concerns over short-term oil demand prevailed. On Thursday, oil prices were dipping by 9 percent at one point before Brent settled 7 percent down on the day. “From a fundamental perspective, there was little behind yesterday’s move.  The market is becoming…