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- Oil fell for a second day
Oil fell for a second day
Crude fell
for a second day as more Americans than projected filed applications for
unemployment benefits and European Central Bank President Mario Draghi said
risks remain to the region’s economy.
Prices
dropped as much as 1.8 percent as jobless claims rose to the highest level
since Nov.
Weak
economic activity has been evident in the early part of this year, Draghi said
at a press conference in
WTI oil for May delivery fell to $92.34 a barrel on the New York Mercantile Exchange. It closed at $94.45 yesterday, the lowest settlement since March 22.
Brent crude for May settlement declined 88 cents, or 0.8 percent, to $106.23 a barrel on the London-based ICE Futures Europe exchange.
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