Oil falls about 2.5% as U.S. Gulf production returns - Reuters

Oil falls about 2.5% as U.S. Gulf production returns - Reuters:

Oil fell about 2.5% a barrel on Thursday, weighed down by weakness in U.S. equities markets and an expectation that crude output would rise in the Gulf of Mexico following last week’s hurricane in the region.

Prices were further weighed down by economic concerns as U.S. equities were on track for a third consecutive decline. 

Brent crude LCOc1 futures settled down $1.73, or 2.7% at $61.93 a barrel.

West Texas Intermediate crude CLc1 futures were down $1.48 a barrel, or 2.6% at $55.30.