Oil prices fell Thursday, with the U.S. benchmark marking its lowest settlement in five weeks. Recent data showing that weekly U.S. crude production topped 10 million barrels a day to reach a fresh record kept pressure on prices. The U.S. stock market’s sharp decline on Thursday also helped drag oil prices lower. March West Texas Intermediate crude fell 64, or 1%, to settle at $61.15 a barrel on the New York Mercantile Exchange. That was the lowest finish since Jan. 2, according to FactSet data.
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