Investing.com - Oil prices fell on Thursday as OPEC warned of slowing demand and Russia hinted that there might only be a loose agreement at the upcoming exporter meeting to rein in ballooning oversupply
Brent crude futures were down 2 cents at $44.16 a barrel at 10:10 GMT.
U.S. crude was down 3 cents at $41.73 a barrel.
Russian oil minister Alexander Novak said that a deal on an output freeze scheduled this weekend will be loosely-framed with few detailed commitments.
With the likelihood of a binding freeze by OPEC and Russia fading, analysts will look to the U.S. oil industry to see if lower drilling will result in falling production.