ICE Brent trading around $68

Brent crude oil futures are trading around $68 a barrel on Thursday after data showed a reduction in US crude stocks and raised the prospect of demand growth in the world's biggest oil consumer.

Wednesday's rise followed two sessions of losses, during which Brent prices fell more than 6 percent, mirroring sliding
equity markets.

"The recent lack of support from positive macro and oil demand data suggests to us that the good news may be priced in,"
Societe Generale wrote in a research note. "The downward pressure from still high overall oil inventories, especially
when measured in terms of OECD days forward demand cover, and poor refining margins is expected to continue."