Oil prices drops on U.S. inventories and doubts over output cuts

Oil prices dropped on Thursday on doubts over the ability of crude producers to agree to extend record output cuts, heightened by worries over a build in U.S. fuel inventories.

Brent crude LCOc1 futures eased by 29 cents to $39.50 a barrel by 0839 GMT, heading for its first fall in six sessions. U.S. West Texas Intermediate (WTI) crude CLc1 futures dropped 53 cents to $36.76.