Oil prices were down on Thursday, extending losses into a second consecutive session following a surprise rise in US crude inventories.
International Brent crude oil futures were at $67.55 a barrel at 0929 GMT, down 28 cents from their last close. US West Texas Intermediate (WTI) crude futures were at $59.21 per barrel, down 20 cents from their last settlement.
US crude inventories rose last week by 2.8 million barrels, compared with analysts’ expectations for a decrease of 1.2 million barrels, the US Energy Information Administration said. Demand concerns on the back of economic jitters linked to the US-Chinese trade war have also capped prices.
