Oil Prices Continue Trend Lower

New York, NY, Sept. 20, 2012 — Oil prices continued to slide for a fourth day Thursday as high U.S. inventories and weak economic data from China and Japan spooked investors.

Benchmark oil for October delivery was down 51 cents to $91.47 in electronic trading on the New York Mercantile Exchange. The contract finished at $91.98 on Wednesday, dropping $3.31, or 3.5 percent.

Brent crude traded on the ICE Futures exchange in London fell 54 cents to $107.65 per barrel.