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US stocks hit oil prices
- Saudi Arabia: Thursday, December 23 - 2004 at 09:12
Crude futures dropped on Wednesday after the US reported large increases in fuel oil stocks. Light crude for February delivery was down USD1.52 to USD44.24 per barrel. Brent crude fell USD1.73 to USD40.64 per barrel. The Department of Energy said the supply of crude oil rose by 2.1m barrels last week to 295.9m barrels, while fuel inventories were up by 600,000 barrels to 119.9m barrels.
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Peter J. CooperThursday, December 23 - 2004 at 09:12 UAE local time (GMT+4)
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This article was updated on Wed Nov 22 2006.
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