Doha: Oil prices edged lower on Thursday, with both Brent and West Texas Intermediate (WTI) crude recording modest declines. Brent crude futures fell by 13 cents, or 0.2%, to settle at $63.38 per barrel. Meanwhile, WTI crude, the US benchmark, dropped 30 cents, or 0.5%, closing at $59.14 per barrel.

According to Qatar News Agency, the slight pullback comes amid ongoing market volatility and fluctuating demand signals from major economies, analysts say.