Crude prices fell early on Thursday as concerns over a global glut took centre stage after Russia and Iran said they were ready to raise oil production further, while inventories in the United States climbed slightly.
International Brent crude futures were trading at $45.36 per barrel at 0048 GMT, down 44 cents from their last settlement.

U.S. West Texas Intermediate (WTI) crude futures were down 40 cents at $43.78 a barrel after the U.S. Energy Information Administration (EIA) said that crude stocks rose slightly, by 2.1 million barrels last week.
Energy Minister Alexander Novak said Russia was "in theory" able to raise production to 12 million or even 13 million barrels per day (bpd) from current record levels of close to 11 million bpd.

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