Oil slips after strong rally, but bullish sentiment remains

By Sabina Zawadzki LONDON (Reuters) - Oil prices fell on Thursday on profit-taking after markets rallied the previous day due to a draw in U.S. stocks and an expectation of an OPEC-led cut in production. U.S. West Texas Intermediate (WTI) crude oil futures were trading at $51.10 per barrel at 0840 GMT, down 50 cents from their last close. International Brent crude futures were trading at $52.20 per barrel, down 47 cents.