NEW YORK, Jan. 31 (Xinhua) -- Crude oil prices fell on Thursday on growing U.S. economic problems and rising fuel inventories.
Light crude for March delivery settled down 58 cents at 91.75 U.S. dollars, erasing some earlier losses that sent prices down to 89.58 as the U.S. stock market recovered.
London Brent crude lost 32 cents to 92.21 dollars a barrel.
The number of U.S. workers filing new claims for jobless aid surged last week to the highest since October 2005, and consumer spending softened at the end of last year, according to government reports released on Thursday.
The weak data added to worries of a recession in the world's biggest oil consumer and helped erase oil's gains from Wednesday after the U.S. Federal Reserve cut interest rates.
Light crude for March delivery settled down 58 cents at 91.75 U.S. dollars, erasing some earlier losses that sent prices down to 89.58 as the U.S. stock market recovered.
London Brent crude lost 32 cents to 92.21 dollars a barrel.
The number of U.S. workers filing new claims for jobless aid surged last week to the highest since October 2005, and consumer spending softened at the end of last year, according to government reports released on Thursday.
The weak data added to worries of a recession in the world's biggest oil consumer and helped erase oil's gains from Wednesday after the U.S. Federal Reserve cut interest rates.
