Oil prices continued their sharp decline, falling by more than five percent on Wednesday.
Brent crude futures dropped $3.66, or 3.7%, to $95.92 a barrel.
Meanwhile, U.S. West Texas Intermediate (WTI) crude futures slumped by $5.19, or 5.59%, to $88.70 a barrel.
Both Brent and WTI hit their lowest levels in over a month, touching $94.16 and $87.77 per barrel respectively during the session.
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