Oil prices cooler due to milder US weather
AFP, London
Crude oil prices fell on Tuesday as milder weather in the United States helped to ease concerns about low supplies of heating fuel during the northern hemisphere winter. London's Brent oil price fell sharply as traders, returning to their desks for the first time since December 31, played catch up with their counterparts across the Atlantic, ahead of the latest weekly snapshot of US commercial crude inventories. New York's main contract, light sweet crude for delivery in February, fell 12 cents to 42.00 dollars a barrel in electronic dealing around 1100 GMT, after closing down 1.33 dollars on Monday. In London the price of Brent North Sea crude oil for delivery in February slumped 1.51 dollars to 38.95 dollars a barrel in electronic trading. "We are lower (in London) on the back of the performance yesterday from NYMEX (New York Mercantile Exchange), and also looking forward, the sentiment of the stock figures coming out on Wednesday also suggesting some more bearishness," GNI-Man Financial trader Robert Laughlin said.
| 
