Oil slips back towards 18-month lows on oversupply
Global stocks rebounded on Wednesday on the back of the Trump administration's attempt to shore up investor confidence and a report on strong US holiday spending
London: Oil fell on Thursday after soaring 8% in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market surge offered support. Brent crude oil futures were down 8 cents, or 0.15 percent, at $54.39 a barrel by 0237 GMT. They rose 8% to $54.47 a barrel the day before.