Crude oil futures ended lower on Thursday as private report said that There has been some talk from the International Energy Agency about global supplies for oil being more than adequate to meet demand this year. Besides, crude oil prices also fell amid some concerns about the outlook for oil demand from China after data painted a mixed picture about the world's second largest economy's crude import data. Official data from China showed crude oil imports rose year-on-year in the first two months of the year, although the growth was weaker than the preceding months.
Benchmark crude oil futures for April delivery fell $0.20 or about 0.3% to settle at $78.93 a barrel on the New York Mercantile Exchange. Brent crude for May delivery settled unchanged $82.96 per barrel on London's Intercontinental Exchange.