Oil prices fall on higher OPEC output, rise in U.S. crude stocks

By Henning Gloystein SINGAPORE (Reuters) - Oil prices fell on Thursday after OPEC said that its production had risen to its 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 $51.52 per barrel at 0103 GMT, down 29 cents, or 0.6 percent, from their previous close. U.S. West Texas Intermediate (WTI) crude futures were down 35 cents, or 0.7 percent, at $49.83 per barrel.