Crude oil prices settled lower in futures market on Thursday, as data showing that the global market remains awash in surplus oil, rising U.S. crude production and weak domestic gasoline demand kept pressure on prices.

Light sweet crude oil (WTI) futures fell 0.25 dollar or 0.56 percent to close at USD 44.68 a barrel at the New York-based commodity exchange NYMEX.

Brent crude oil futures declined 0.08 dollar or 0.17 percent to close at USD 46.92 a barrel at NYMEX. WTI-Brent spread was stable on Jun-2017.

Natural gas futures remained flat at 3.078 a gallon at the NYMEX. RBOB gasoline futures remained flat at 1.434 a gallon at the NYMEX.

In refined products, RBOB heating oil futures remained flat at 1.422 a gallon at the NYMEX.