Oil prices fell on Thursday, with US crude giving up some of the previous session's gains that were driven by a surprise fall in inventories, while Brent moved further away from recent 26-month highs. US West Texas Intermediate crude (WTI) dipped 2 cents to $52.12 a barrel by 0032 GMT. On Wednesday, the contract rose 26 cents, or 0.5 per cent, to $52.14 but stayed below five-month highs.
Brent was down 17 cents, or 0.3 per cent, at $57.73 a barrel, slipping further away from Tuesday's more than two-year high of $59.49 following a near 1 per cent fall in the previous session.
Gold Rises From 1-Month Lows :
Gold rose on Thursday after falling to one-month lows on expectations of a rise in US interest rates this year, while platinum fell to a discount against palladium for the first time since 2001 on waning demand for diesel cars.
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