EnergyWatch

Disappointing US stockpiles lower oil prices

Oil prices drop slightly Thursday morning following a day of otherwise rising prices.

Photo: Thomas Borberg

Prices are pushed down by new figures showing US stockpiles declining less than expected.

A barrel of the European reference oil, Brent, Thursday morning CET costs USD 63.39 against USD 64.07 Wednesday night, while the price was USD 62.92 Wednesday afternoon. The US WTI oil is concurrently traded at USD 56.96 against USD 57.57 Wednesday night. The price for a barrel was USD 56.31 Wednesday afternoon.

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