Crude oil futures ended sharply lower on Thursday, weighed down by rising worries about outlook for energy demand and on reports that Colonial Pipeline has resumed operations at its facilities. Concerns over a disruption in the supply chain eased after the Colonial Pipeline Company announced that it was restarting pipeline operations and that the supply chain would return to normal sometime soon.
Crude oil futures for June fell $2.26 or 3.4 percent to settle at $63.82 barrel on the New York Mercantile Exchange. July Brent crude dropped $2.44 or 3.52 percent to settle at $66.88 a barrel on London's Intercontinental Exchange.