Oil prices fell on Thursday for the second consecutive session, as demand concerns overshadowed limited global supplies after US government data showed tepid gasoline consumption during the peak summer driving season.
Brent crude futures fell 33 cents, or 0.3 percent, to $106.59 a barrel, after falling 0.4 percent in the previous session. US West Texas Intermediate crude futures fell 48 cents, or 0.5 percent, to $99.40 a barrel, after falling 1.9 percent on Wednesday.
Government data showed that gasoline stocks in the United States rose 3.5 million barrels last week.
The data showed that the supply of gasoline – a proxy for demand – was about 8.5 million barrels per day, or about 7.6 percent.