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Brent crude oil futures fell on Thursday, U.S. crude oil futures remained stable, trade tensions between the United States and China persisted, signs of economic slowdown in both China and India, and news of a sharp rise in U.S. oil production weakened the boost from OPEC-led production cuts.
Global benchmark Brent crude oil futures closed down $0.36, or 0.5%, at $66.03 a barrel in April. More active May Brent crude oil futures fell $0.27, or 0.4%, to close at $66.31 a barrel.
U.S. crude oil futures closed up $0.28, or 0.5%, at $57.22 a barrel in April.
U.S. crude oil rose 6.4% in February and Brent crude rose 6.6%. Since January, oil prices have been boosted by output cuts by OPEC and Russia and other allies.
Factory activity in China, the world's largest oil importer, shrank for the third consecutive month in February, with export orders falling the most since the outbreak of the financial crisis 10 years ago.


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