Oil extends losses on US inventory build, OPEC forecast shift
Oil prices fell for a second day on Thursday as an industry report showing rising crude inventories in the US, the world's biggest crude consumer, reinforced concerns that global supply is more than ample to meet current fuel demand. Brent crude edged up 0.03% to $62.69/bbl while US WTI fell 0.09% to $58.44, continuing recent declines.