Brent futures fell $1.44, or 2.2%, to $63.80 a barrel
Oil slides 2% as Trump tones down threats toward Greenland and Iran
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Oil prices slid about 2% to a one-week low on Thursday after U.S. President Donald Trump softened threats toward Greenland and Iran, and on some positive movement that could lead to a solution to end Russia's war in Ukraine.
Brent futures fell $1.44, or 2.2%, to $63.80 a barrel at 12:47 p.m. EDT (1747 GMT), while U.S. West Texas Intermediate (WTI) crude fell $1.45, or 2.4%, to $59.17 a barrel.
That put Brent on track for its lowest close since January 15 and WTI on track for its lowest close since January 9.
Trump said he has secured total and permanent U.S. access to Greenland in a deal with NATO, whose head said allies would have to step up their commitment to Arctic security to ward off threats from Russia and China.
European Union leaders, meanwhile, will rethink ties with the U.S. at an emergency summit on Thursday after Trump's threat of tariffs and even military action badly shook confidence in the transatlantic relationship, diplomats said.
