Oil prices fell on Thursday, dragged down by the gradual return of Canadian oil sands output, reversing a sharp rise the previous day when the U.S. government detailed an unexpected fall in crude inventories.
International Brent crude futures were trading at $47.47 per barrel at 0434 GMT on Thursday, down 13 cents from their last settlement. U.S. West Texas Intermediate (WTI) crude futures dropped 12 cents to $46.11.