Ammon News - Oil prices fell for a fifth session on Thursday as investors worried about the global demand outlook, despite a decline in U.S. fuel inventories.

Brent crude futures slipped 10 cents to $75.95 a barrel, while U.S. West Texas Intermediate crude futures fell 23 cents to trade at $71.70 at 0639 GMT.

The front-month WTI contract for October has dropped 6.9% since Aug. 15, while Brent futures are down 6.4% over the same period.

Concerns over how OPEC+ production would pan out in the fourth quarter if the cuts are lifted has exacerbated price weakness, though they could be paused or reversed if needed.

Reuters