Oil slumped more than 1 percent on Thursday, touching two-week lows under pressure from a retreating stock market and worries about surging U.S. crude output. Brent, the global benchmark, settled at $63.83 a barrel, down 90 cents, or 1.4 percent. U.S. crude settled down 65 cents, or 1.1 percent, at $60.99 a barrel, after touching a low of $60.18. The session lows for both benchmarks were the lowest in two weeks. “Ever since we had that extreme sell-off by equity markets a couple of weeks ago, oil prices seem to have one eye on the activity of the equity markets and have been under a strong influence of the dollar,” said Matt Smith, director of commodity research at ClipperData. U.S. stock markets fell more than 1 percent after President Donald Trump announced import tariffs on steel and aluminum. The U.S. dollar hit a six-week high […]