Oil prices fell more than 2% on Wednesday, weighed down by a weaker outlook for demand and a rise in US crude inventories despite expectations of extended supply cuts led by OPEC.

Oil falls over 2% on weaker demand growth, gain in US crude stocks

Oil prices dropped on Thursday, extending falls from the previous session amid surging US crude inventories and weak demand from refineries. Brent crude futures, the international benchmark for oil prices, were at $70.

Oil prices fall on surging US crude stockpiles, economic concerns

Brent crude futures were at $51.06 per barrel at 0651 GMT, up 23 cents, or 0.45 per cent, from their last close

Oil edges up on falling US crude stocks, but global glut weighs

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Oil falls over 2% on weaker demand growth, gain in US crude stocks

Oil prices fall on surging US crude stockpiles, economic concerns

Oil edges up on falling US crude stocks, but global glut weighs