Investing.com - Oil prices fell on Thursday as fears of escalating violence causing supply disruption in the Middle East faded and focus returned to a persistent market glut and increased global output.
U.S. crude was last down 0.15% at $42.97 a barrel, while Brent dropped 0.82% to $45.79.
A day earlier oil recorded a sixth consecutive gain after a smaller-than-expected U.S. inventory build and a fall in U.S. oil rig counts. Investors also trimmed short positions ahead of the Thanksgiving break in the United States.
The downing of a Russian jet by Turkey on Monday prompted market jitters but did little to shake the belief that global production will stay high even as stockpiles rise.