REUTERS

Brent crude LCOc1 was down 8 cents at $45.35 a barrel by 0726 GMT, after a gain of around 2% in the previous session. West Texas Intermediate CLc1 oil was down by 4 cents at $42.62 a barrel after gaining 2.6% on Wednesday, as reported by Reuters.

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The Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report that world oil demand will fall by 9.06 million bpd this year, more than the 8.95 million bpd decline expected a month ago.

Still, U.S. crude oil, gasoline and distillate inventories fell last week as refiners ramped up production and demand improved, a government report showed.