Both benchmarks had settled down more than $1 on Wednesday after steep declines the day before.
In a further bearish sign, gasoline inventories also posted a surprise build of about 1.9 million barrels in the week ended May 26, according to the data, compared with estimates for a draw of about 500,000 barrels. Meanwhile, Chinese data showed manufacturing activity contracted faster than expected in May, worrying markets about demand in the world's second-largest oil consumer.
Analysts at HSBC and Goldman Sachs have said they do not expect OPEC+ to announce further cuts at this meeting.Federal Reserve
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: