Draghi's comments Raise Anxiety Oil Demand

Learn Commodity : Crude oil prices fell to below $ 93 per barrel on Thursday, after European Central Bank president's comments about the risk of slowing the recovery of the euro zone raised concerns about energy demand. The strengthening of the U.S. dollar after the announcement of the Bank of Japan also helped push the price of 'black gold'.

In a press conference after the ECB's interest rate policy announcement, Mario Draghi reiterated the need for continued accommodative policy as he admitted that the recovery in the second half of this year is still at risk of slowing. Comments are increasingly mempersuram oil demand growth outlook of the blue continent.

Earlier, the Bank of Japan's decision to pump up asset purchases to ¥ 50 trillion ($ 530 billion) in order to achieve the inflation target of 2% in 2 years has hit the Yen and the U.S. Dollar instead toss.

Currently, crude oil for May delivery traded at $ 92.70 or declined approximately 1.7% from the closing price on Wednesday.