UPDATE 2-Oil prices fall on signs of slowing U.S. demand, economic concerns - Reuters

UPDATE 2-Oil prices fall on signs of slowing U.S. demand, economic concerns - Reuters:

Oil prices fell on Thursday, weighed down by data showing a smaller-than-expected draw on U.S. crude stockpiles and worries about the global economy.

Front-month Brent crude futures, the international benchmark for oil prices, were down 49 cents or 0.77% at $63.33 per barrel by 0830 GMT. Brent closed up 2.3% on Wednesday.

U.S. West Texas Intermediate (WTI) crude futures were down 47 cents or 0.82% at $56.87 per barrel. WTI closed up 1.9% on Wednesday.