Oil prices fell for a sixth day on Friday, and were on track for their biggest weekly losses in 10 months, as record-high U.S. crude output added to concerns about a sharp rise in global supplies.
The drop came amid a rout in global equity markets sparked by inflation fears.
Brent futures were down $1.20, or 1.9 percent, at $63.61 a barrel by 10:44 a.m. ET (1544 GMT). On Thursday, Brent fell 1.1 percent to its lowest close since Dec. 20.
U.S. West Texas Intermediate (WTI) crude was down $1.18, or 1.9 percent, at $59.97 a barrel, falling below the $60 level for the first time in six weeks.