Oil prices weighed down by record U.S. output, inventories - Reuters

Oil prices weighed down by record U.S. output, inventories - Reuters:

Oil prices fell on Thursday, pulled down by record U.S. crude production that led to a surge in inventories.

Brent crude oil futures were at $71.57 per barrel at 0837 GMT, 61 cents below their last close. Brent is set for a weekly loss, which would break its longest string of weekly gains for a year.

U.S. West Texas Intermediate crude futures were down 60 cents at $63.00 per barrel.