Oil prices fell Thursday after a jump the previous session on unexpected declines in U.S. crude and heating oil stocks and following the Federal Reserve's announcement of a plan to help banks through the credit crisis.
The almost 5 percent gain Wednesday lifted crude oil on the New York Mercantile Exchange to its highest close since Nov. 27.
But on Thursday light, sweet crude for January delivery fell 63 cents to US$93.76 a barrel by afternoon in Europe in electronic trading on the New York Mercantile Exchange. The Nymex crude contract had gained US$4.37 on Wednesday to settle at US$94.39 a barrel.
In London, January Brent crude fell 66 cents to …
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