Oil prices continued to decline for the fifth straight session on Thursday, pressured by growing concerns over global demand, despite a drop in U.S. fuel inventories. Brent crude futures fell by 9 cents to $75.96 per barrel, while West Texas Intermediate (WTI) crude futures dropped 19 cents to $71.74 per barrel as of 04:33 GMT. WTI has seen a 6.9% decrease since August 15, and Brent has declined by 6.4% in the same period. The market was further influenced by revised U.S. employment data showing fewer jobs than previously reported and weak economic indicators from China, the world’s second-largest economy. The anticipation of OPEC+ potentially reversing voluntary production cuts in October also contributed to the downward trend, despite ongoing geopolitical tensions in the Middle East calming as Israel, the U.S., and Hamas work toward a ceasefire agreement.