Oil prices fell on Thursday on profit-taking after markets rallied the previous day due to a draw in U.S. stocks and an expectation of an OPEC-led cut in production.
U.S. West Texas Intermediate (WTI) crude oil futures were trading at $51.26 per barrel at 0648 GMT, down 34 cents from their last close.
International Brent crude futures were trading at $52.41 per barrel, down 26 cents.
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Craig Erlam
His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News.
Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
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