Oil prices fall on economic worries after U.S. fuel stocks climb - Reuters

Oil prices fall on economic worries after U.S. fuel stocks climb - Reuters:

Oil prices dipped on Thursday, paring earlier gains, weighed down by worries about the global economy and bigger-than-expected builds in oil product inventories in the United States, the world’s biggest oil consumer.

Brent crude futures LCOc1 dropped 16 cents, or 0.3%, to $60.14 a barrel by 0634 GMT on Thursday.

West Texas Intermediate (WTI) crude CLc1 futures slipped 10 cents, or 0.2% to $55.58 per barrel.

“Oil markets continue to move lower after the gloomy surprise build in U.S. fuel inventories,” said Stephen Innes, managing partner at Valour Markets.