Oil Prices Sild From The Record High on Weak Demand

Oil prices slid back from the record level on Thursday amid weak U.S. oil demand and a Wall Street slump fuelled profit-taking from a near 40 percent rally in under three months.

U.S. crude for December delivery curbed earlier losses to stand 82 cents lower at $95.55 by 0209 GMT. Oil fell 33 cents on Wednesday, reversing gains that had carried the market to a peak of $98.62, the latest in a succession of all-time highs.

London Brent crude fell 48 cents to $92.76 a barrel.