London — Oil prices fell on Thursday, weighed down by data showing a smaller-than-expected draw on US crude stockpiles and worries about the global economy.

Front-month Brent crude futures, the international benchmark for oil prices, were down 49 US cents or 0.77% at $63.33 per barrel by 8.30am GMT. Brent closed up 2.3% on Wednesday...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now