Oil prices fall more than 1 percent as U.S. stock markets retreat

NEW YORK (Reuters) - Oil prices fell on Thursday after rebounding 8 percent in the previous session, with prices pressured by concerns over a faltering global economy and worries about a glut in crude supply.Brent crude futures dropped 80 cents, or 1.5 percent, to $53.67 a barrel, by 10:47 a.m. EST (1547 GMT). U.S. West Texas Intermediate (WTI) crude futures fell 58 cents to $45.64 a barrel, a 1.3 percent loss.Prices surged on Wednesday, tracking heavily with a spike in the U.S. equities..