Oil prices slumped to two-week lows on Thursday as global stock markets fell, with investor sentiment made more bearish by an industry report showing U.S. crude inventories rising more than expected. Brent crude LCOc1 fell $1.74 a barrel to a low of $81.35, its lowest since Sept. 27, before recovering a little to trade around $81.70 by 0850 GMT. Brent lost 2.2 percent on Wednesday. On Oct. 3, it hit a four-year high of $86.74. U.S. light crude CLc1 dropped $1.37 to $71.80 but then recovered to around $72.05. The contract lost 2.4 percent in the previous session. “The up-trend is over for the moment, and a new direction is settling in,” said Robin Bieber, technical chart analyst at London brokerage PVM Oil. “The […]