Brent crude fell 41 cents, or 0.6%, to settle at US$63.93 a barrel. During the session it rose as high as $65.52, its highest since January 2020. U.S. West Texas Intermediate (WTI) crude futures fell 62 cents, or 1%, to settle at $60.52 a barrel, after earlier reaching $62.26, the highest since January 2020.
NEW YORK: Oil prices fell on Thursday despite a sharp drop in U.S. crude inventories, as market participants took profits following days of buying spurred by a cold snap in the largest U.S. energy-producing state.
Brent crude fell 41 cents, or 0.6%, to settle at US$63.93 a barrel. During the session it rose as high as $65.52, its highest since January 2020.
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