• Brent crude falls 71 cents to $99.98 a barrel by 0013 GMT in early Asian trade.
• The declines follow a dramatic fall on Tuesday when WTI slid 8%. and Brent 9%.
• U.S. government data due on Thursday will shed light on the state of domestic oil and fuel inventories.

Oil prices sneaked through early Asian exchange on Thursday, subsequent to hitting an almost three-month low during the last meeting, as fears of a potential worldwide downturn prodded worries about oil interest.

Brent’s unrefined fates fell 71 pennies to $99.98 a barrel by 0013 GMT. WTI unrefined fates fell 62 pennies to $97.91 a barrel.

The downfalls follow a sensational fall on Tuesday. WTI slid 8% while Brent tumbled 9% – a $10.73 drop that was the third greatest for the agreement since it began exchanging in 1988.

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“Oil is getting pulverized with minimal new data about creation or utilization,” said Stephen Innes, overseeing accomplice of SPI Asset Management.

“In any case, with product dealers turning very risk-unwilling because of developing interest yet hawkish (U.S.) Fed approach concerns, the recessionary title risk resembles an iron block around the market’s neck.”

Financial backers anticipated U.S. government information due on Thursday that will reveal insight into the condition of homegrown oil and fuel inventories.

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Industry information on Wednesday showed that U.S. unrefined inventories rose by around 3.8 million barrels last week, as per market sources. Gas inventories fell by 1.8 million barrels, while distillate stocks fell by around 635,000 barrels.