NEW YORK: Oil prices fell on Thursday after central bankers in the US and Europe signalled caution over further easing of monetary policy, fanning concerns that weak economic activity could dent demand for oil next year.
Brent crude futures fell by 51 cents, or 0.7%, to settle at US$72.88 a barrel. US West Texas Intermediate crude futures for January delivery fell 67 cents, or 1%, to US$69.91 per barrel and expired on settlement. The more active WTI February contract fell 64 cents to settle at US$69.38 per barrel.
