Oil prices are falling slightly in Thursday trading. Traders are assessing the data on energy reserves in the US published the day before, as well as the report on inflation in China released on Thursday.
The cost of March futures for Brent crude on the London ICE Futures exchange is $76.11 per barrel, which is $0.05 (0.07%) lower than at the close of the previous trades. On Wednesday, these contracts fell by $0.89 (1.2%) to $76.16 per barrel.
WTI oil futures for February on the electronic trading of the New York Mercantile Exchange (NYMEX) fell in price by $0.14 (0.19%) to $73.18 per barrel. At the end of the previous session, the cost of these contracts decreased by $0.93 (1.3%) to $73.32 per barrel.