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Oil prices falls further to 75.74 a barrel

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On Thursday, oil prices lost further ground as discouraging global economic news resistant concerns in relation to dawdling consumer demand for energy products.

On the New York Mercantile Exchange, for September, Benchmark crude delivery fall USD 2.28 to resolve at USD 75.74. Prices turned down for a third straight day.

In September contracts, in other NYME trading, natural gas left 3 cents to resolve at USD 4.296 per 1,000 cubic feet; heating oil knock down 7.37 cents to resolve at USD 2.0015 a gallon and gasoline crashed 4.28 cents to resolve at USD 1.9548 a gallon.

On the ICE Futures exchange, in London, Brent crude gives up USD 2.12 to resolve at USD 75.52 a barrel


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