Crude oil futures on Thursday fell below 89 dollars a barrel, resumed the downward trend started earlier in the week. When investors think oil prices at the end too fast, too large margin.
The New York Mercantile Exchange, February crude futures fell 1.92 cents, or 2.2%, to close at $ 88.38 a barrel. The contract fell to $ 87.85 minimum, the maximum rose to $ 90.71.
Tom Bentz of BNP Paribas analysts pointed out that "the end of 2010 the excessive rise in oil prices, crude oil futures on Wednesday to break down again."
He said, "Crude oil futures recovered some lost ground on Wednesday, but confirmed on Thursday the recent market trend is downward."
He said: "tell us the change oil market is still in an adjustment phase."