Oil prices eased in early trading on Thursday after rising for the previous two sessions as investors remained cautious due to lingering concerns over a US recession and weaker oil demand.
Brent crude fell 19 cents, or 0.2 per cent, at $87.14 a barrel by 0116 GMT, while US West Texas Intermediate slid 16 cents, or 0.2 per cent, to $83.10.
Both benchmarks rose 2 per cent on Wednesday to their highest in more than a month as cooling US inflation data spurred hopes that the Federal Reserve is likely to stop hiking interest rates.
However, the previous tightening, which has lifted interest rates to their highest since 2007,
