Crude prices lower again

Crude oil prices were lower on Thursday, with Brent crude down 77 cents to $59.84 per barrel. Meanwhile, December contracts for West Texas Intermediate crude was $1.08 lower to $57.68 per barrel. With December contracts expiring at the end of the trading session, January WTI traded in higher volumes and dropped 80 cents to $59.92 per barrel.

Meanwhile, the Energy Information Administration issued a report showing that natural gas stockpiles were up by 5 billion cubic feet last week. The announcement sent Nymex Henry Hub natural gas 25 cents lower to $7.867 per million British thermal units.