Oil prices fell Thursday amid thin trading volumes due to the holiday season. Analysts said the low liquidity had contributed to the particularly volatile trading this week, with prices having recorded their biggest one-day increase in two years on Wednesday. Light, sweet crude for February delivery was 2.1% lower at $45.24 a barrel on the New York Mercantile Exchange. Brent crude, the global oil benchmark, was trading down 1.7%, at $53.82 a barrel, on London’s Intercontinental Exchange, having earlier sunk to $50.36 earlier in the week, its lowest level since August 2017.

Source: Wall Street Journal December 27, 2018 11:06 UTC