Oil futures extended losses on Thursday as weak economic data weighed on the outlook for fuel demand which was made worse by a larger than expected rise in U.S. crude inventories.
Brent crude oil futures fell 17 cents, or 0.3%, to $57.52 a barrel by 0052 GMT, after tumbling 2% in the previous session.
U.S. West Texas Intermediate (WTI) crude futures fell 9 cents, or 0.2%, to $52.55 a barrel, after sinking by 1.8% on Wednesday.
U.S. crude inventories rose 3.1 million barrels last week, the Energy Information Administration said on Wednesday, far exceeding analyst expectations for an increase of 1.6 million barrels.
Source : Reuters