Oil prices fell at the beginning of trading on Thursday due to the expected increase in global production and weak demand, as well as due to the strengthening of the dollar. WTI crude oil futures declined by 13 cents or 0.19 percent to $68.30 per barrel. The Energy Information Administration of the U.S. increased its forecast for American oil production to 13.23 million barrels per day on average this year, which is 300 thousand barrels per day higher than the record level of last year - 12.93 million barrels per day.
Brent crude oil prices decreased by six cents or 0.08 percent to $72.22 per barrel at 0133 GMT.
