Price of Brent crude has fallen more than $ 1.5 on Thursday because of fears that the U.S. central bank announced measures to support the economy a little, before which, according to the Fed, there are significant downside risks, Reuters reported.
Price of Brent crude fell $ 1.84 to $ 108.52 a barrel. WTI crude oilprice lost $ 1.66 to $ 84.26 a barrel.
The U.S. Federal Reserve has promised to increase the average maturity of the bonds on their balance sheets, but did not offer more aggressive measures to support the world’s largest economy.
Comments of the American Central Bank leveled data on the maximum weeklydrop in U.S. oil inventories more than nine months.
“It’s hard to ignore the macroeconomic picture. Oil seems to have fallen along withstock markets - said the risk manager at Mitsubishi Corp. - On the other hand, dataon stocks went good for oil prices. Prices should not have fallen so low, if thereference were the only fundamental indicators of the oil market. “