Global oil prices had fallen as the collapse of Silicon Valley Bank hit equities markets and raised fears of a fresh financial crisis.

Brent crude futures were down 76 cents, or 0.9%, to $82.02 per barrel by 1551 GMT. The global benchmark earlier fell to a session low of $78.34, its lowest since early January.

U.S. West Texas Intermediate crude futures (WTI) dropped $1.88, or 2.5%, to $74.80 a barrel. WTI earlier declined to $72.30 a barrel, its lowest price since December