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

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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.

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