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DirectOil prices fell on Thursday, because of fears of a decline in demand and stagnation in the global economy.
Brent crude futures for October delivery fell 0.6% to $ 59.15 per barrel at 6:15 GMT.
US crude for September delivery fell 0.3% to $ 55.07 per barrel.
The US crude yesterday recorded its first daily decline in five sessions, about 3.3%.
The fall in oil prices occurred in the fear of slowing global economic growth. Yesterday, for the first time since 2007, the yield curve was between the two- and ten-year bonds.
The 30-year US bond yield has fallen to its lowest level.
Economic data yesterday showed that the German economy had contracted in the second quarter of this year. Economic growth slowed in the euro area over the same period, as did negative economic data in China.
Data from the US Energy Information Administration showed yesterday that US crude inventories increased by 1.6 million barrels in the week ending Aug. 9 to 440.5 million barrels.
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