NEW YORK, Jan. 3 (Xinhua) -- Crude oil futures fell
sharply on Wednesday, amid warmer-than-normal temperatures in the Northeast
United States.
New York's main contract, light sweet crude for
delivery in February, lost 2.73 U.S. dollars to close at 58.32 dollars a barrel.
In London, Brent North Sea crude for February
delivery fell 2.48 dollars to settle at 57.96 dollars.
The Nymex trading floor was closed on Monday for New
Year's Day and on Tuesday for a day of mourning for former President Gerald
Ford.
This winter in Northeast United States, the world's
largest consumer of heating fuel, is warmer than normal till now. Moreover, the
National Weather Service said the northern United States will have
higher-than-average temperatures in the coming days, The warmer winter could
boost the distillate stockpiles and weaken the fuel prices.