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Oil prices fell today, Thursday, with investors reaping profits following two days of gains, amid fears of sharp increases in US interest rates, but the losses were followed by expectations of a strong economic recovery that would boost demand in a market suffering from a tight supply.
US light crude futures fell 52 cents, or 0.63%, to settle at $82.12 a barrel, following rising 5.6% in the previous two days.
Brent crude futures contracts were not better than the previous one, as they also fell 20 cents, or 0.24%, to settle at $84.47 a barrel, following rising 4.7% in the previous two sessions.
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