India, Feb. 6 -- The commodity-linked currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major counterparts in the Asian session on Thursday, as the crude oil prices settled sharply lower after data showed a sharp jump in U.S. crude inventories last week.
Concerns about the outlook for oil demand also weighed on prices. West Texas Intermediate Crude oil futures for March settled at $71.03 a barrel, losing $1.67 or 2.29 percent, while the benchmark Brent crude futures dipped 0.7 percent to $75.64 in European trade.
OPEC+ plans to gradually increase oil output from April also added uncertainty to global energy markets, potentially offsetting Iran tensions.
U.S. President Donald Trump issued an exe...