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NewsColony Oil drops 15%, extending Monday’s 25% decline A worker prepares to lift drills by pulley to the main floor of a drilling rig in the Permian basin. Brittany Sowacke | Bloomberg | Getty Images Oil prices slid more than 15% during overnight trading, extending Monday’s nearly 25% decline on ongoing fears that storage around the world is rapidly filling. West Texas Intermediate , the U.S. benchmark, slid 15.3%, or $1.96, to trade at $10.82 per barrel, while international benchmark Brent crude traded 3.8% lower at $19.23 per barrel. On Monday, WTI fell 24.56%, or $4.16, to settle at $12.78 per barrel . International benchmark Brent crude fell 6.76% to settle at $19.99. Each contract is coming off its eighth week of losses in nine weeks. The coronavirus pandemic has erased as much as a third of global demand for oil, according to some estimates, which has sent prices tumbling to record lows. “The June contract is falling due to the reality of demand levels being wel...