Oil prices fell on Thursday, dragged down by the gradual return of Canadian oil sands output, reversing a sharp rise the previous day when the U.S. government detailed an unexpected fall in crude inventories. International Brent crude futures were trading at $47.47 per barrel at 0434 GMT on Thursday, down 13 cents from their last settlement. U.S. West Texas Intermediate (WTI) crude futures CLc1 dropped 12 cents to $46.11. Traders said the dips were largely a result of profit-taking following intra-day Brent price rises of up to $2.95 the previous day when U.S. government data surprised with a drop in crude inventories. The U.S. Energy Information Administration (EIA) said on Wednesday that U.S. crude inventories fell 3.4 million barrels to 540 million barrels last week, compared with […]