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Oil falls on worries over U.S. economy

LONDON - Oil prices fell on Thursday, pressured by fears over the health of the economy of top oil consumer the United States, according to Reuters.

Oil had surged more than $4 in the previous session, following central bank action to ease tight credit conditions in the financial system that could hurt the U.S. economy and depress oil demand.

U.S. light, sweet crude futures fell $1.25 a barrel to $93.14.

Posted by Peter C. T. Elsworth  at 11:23 AM to Crude oil market | Permalink

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