Oil falls on concerns of slowing demand

The Address | Benghazi – Libya

LIBYA – Oil prices fell on Thursday as worries persisted that a slowdown in global growth could curb fuel demand and a sudden increase in US crude inventories.

By 06:27 GMT, Brent crude futures were $ 60.85 a barrel, down 29 cents, or 0.5 percent, from the previous settlement price.

US WTI crude futures were $ 52.37 a barrel, down 25 cents from the previous close.