USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

177

Crude resumed Its Setback

Crude oil prices renewed a three-week setback on Thursday

Crude resumed Its Setback

Crude oil prices renewed a three-week setback on Thursday as growing world crude supplies took away concerns over thin heating oil stocks in the world.

US light crude futures fell 62 cents to $46.22 a barrel on the NYMEX, cutting into Wednesday's 73 cent advance. London?s IPE

Brent futures dropped 4 cents to $42.72.
The losses caused by OPEC?s projected big winter stock build if the cartel keeps producing at current levels.

Figures in OPEC?s monthly Oil Market Report implied a two million barrels per day increase in inventories during the winter months, a time when heating demand will be peaking during the northern winter.

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