Oil prices slid close to $1 a barrel Thursday after Wall Street's overnight decline and a report that U.S. crude stockpiles rose last week.
Wall Street _ despite initially advancing after the U.S. Federal Reserve cut interest rates half a percentage point _ closed lower Wednesday as investors collected profits after two positive sessions.
"These days, there's a pretty strong tie-in between movements of the oil market and the equities markets," said Victor Shum, an energy analyst with Purvin & Gertz in Singapore.
"The equities market drops because of expectations of slower economic activity in the U.S. and also in other markets …
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