SINGAPORE, June 8 Reuters Oil prices dipped on Thursday as worries about weakening demand due to the global economic slowdown overshadowed a pending fall in supply with Saudi Arabia39;s pledged output cuts.

Brent crude futures fell 6 cents, or 0.1, to 76.89 a barrel at 0640 GMT, while U.S. West Texas Intermediate crude futures eased 6 cents, or 0.1, to 72.49.

Both benchmarks settled up by about 1 on Wednesday, supported by Saudi Arabia39;s plans for deep output cuts, though price gains remain capped by rising U.S. fuel stocks and weak Chinese economic data.

Oil prices have been attempting to recover lately but it has been a struggle, said Yeap Jun Rong, market strategist at IG.

A tighter supply but weaker demand outlook could continue to keep oil prices within its wide ranging pattern since the start of the year, with immediate resistance at the 80 level for Brent crude, Yeap added.

A largerthanexpected build in U.S. fuel inventories reported on Wednesday raised concerns over demand from the world39;s top oil consumer, especially as travel was expected to have grown during the Memorial Day weekend.

Gasoline inventories climbed by 2.7 million barrels in the week, the EIA said Wednesday, higher than analyst expectations for a 880,000 barrel rise.

Distillate stockpiles rose by nearly 5.1 million barrels in the week, exceeding analysts39; predictions of a 1.3 million barrel rise.

We considered substantially lowering our oil price deck in the absence of OPEC action…