Oil falls as investors weigh potential supply glut, weak demand

By Georgina McCartney HOUSTON (Reuters) -Oil prices declined on Thursday as investors considered a potential supply glut, as well as weakened demand in the United States, the world's largest oil consumer. Brent crude ​futures were down 39 cents, or 0.61%, to $63.13 a barrel at 1:25 ‌p.m. EDT. U.S. West Texas Intermediate futures were down 40 cents, or 067%, to $59.20. Global oil prices fell ‌for a third straight month in October on fears of oversupply as OPEC and its allies - known as OPEC+ - increase o ...