Thaw eases crude price fears

CRUDE oil prices fell as the release of stronger-than-expected figures for US commercial crude stocks and expectations of warmer temperatures in North America allayed fears of a supply crunch this northern winter.

Thaw eases crude price fears Thaw eases crude price fears Thaw eases crude price fears Thaw eases crude price fears Thaw eases crude price fears

In New York the price of light sweet crude for delivery in February dropped 64 cents to US$46.71 a barrel at the close of trade on Thursday.

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