Oil prices fell on Thursday after OPEC said its production had risen to the highest level in at least eight years and following reports of an increase in U.S. crude stockpiles.
                                  International Brent crude oil futures were trading at $51.37 per barrel at 0256 GMT, down 44 cents, or 0.85 percent, from their previous close.

U.S. West Texas Intermediate (WTI) crude futures were down 54 cents, or 1.08 percent, at $49.64 per barrel.
                                                       "Crude responded predictably, with both Brent and WTI falling," said Jeffrey Halley, senior market analyst at brokerage OANDA in Singapore.Read more Live Equity Share/stock Market News at: http://ripplesadvisory.com/free-trial.php or Get Free Trials Just Give One Missed Call .@98-27-80-80-90.

  The producer cartel pumped 33.39 million barrels per day (bpd) last month, according to figures OPEC collects from secondary sources, up 220,000 bpd from August.