Thu, 29 Oct 2015 09:54:05 GMT
Oil prices lower after recent surge
Crude futures dropped on Thursday, as traders are taking profits after the massive rally in the previous session driven by the second smallest growth in the US stockpiles in the past five weeks. Futures for WTI declined 1.37% to trade at $45.32 per barrel, while Brent futures slipped 1.2% to $48.46 per barrel by 08:35 AM GMT. On Wednesday, both