Doha: Oil prices declined at the close of trading Thursday as investor concerns grew over the US economic outlook, following the Federal Reserve's first interest rate cut of the year. Brent crude futures settled down 51 cents, or 0.8%, at US$ 67.44 per barrel, while US West Texas Intermediate (WTI) crude dropped 48 cents, or 0.8%, to US$ 63.57 per barrel.

According to Qatar News Agency, market sentiment was weighed down by uncertainty surrounding future economic performance in the United States, a key driver of global oil demand.