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Oil prices extend fall with no end in sight for glut

Pump jacks are seen at the Lukoil-owned Imilorskoye oil field, as the sun sets, outside the west Siberian city of Kogalym, Russia, in this January 25, 2016 file photo. T

Oil prices were pulled down in early trading on Thursday as OPEC warned of slowing demand and major exporter Russia hinted that there would only be a loose agreement with little commitments at the upcoming exporter meeting to rein in ballooning oversupply.

Meanwhile, Goldman Sachs said that productivity gains by U.S. shale producers were keeping alive its "deflationary outlook" for oil prices as drillers manage to adjust to lower prices and keep pumping instead of going out of business.

Brent crude futures LCOc1 were at $43.89 a barrel at 0028 GMT, 29 cents below their last close.

U.S. West Texas Intermediate (WTI) futures CLc1 were at $41.60, down 16 cents.

Prices came under pressure after Russian oil minister...


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