Thu, 19 May 2016 16:05:06 GMT
WTI and Brent trade lower on NYSE on Wednesday
Crude oil futures traded lower during the first hour of the North American trading session, despite lower-than-expected initial jobless claims reported earlier on Thursday. Thus, West Texas Intermediate dropped 2.0%, trading at $47.22, whereas Brent declined 2.1%, trading at $47.90 by 14:00 GMT on the New York Stock Exchange.