LONDON, Aug 2: Oil prices were mixed on Thursday as attention switched to the European Central Bank’s outlook on the eurozone after the US Federal Reserve failed to announce any new stimulus measures the day before.

Brent North Sea crude for delivery in September climbed 50 cents to $106.46 a barrel in late London deals.

New York’s main contract, light sweet crude for September, dropped 94 cents to $87.93 a barrel.

European Central Bank chief Mario Draghi on Thursday announced no immediate monetary measures to ease debt pressures in the eurozone.

While Draghi said the euro was “irreversible,” Europe’s main stock exchanges all headed deep into negative territory with traders disappointed that strong words from the central banker last week were not backed up by new policy steps.

“It seems that Mario Draghi’s speech was fairly bewildering, creating more uncertainty about the fragile economic conditions in the eurozone and hurting investors’ sentiment,” said Sucden brokers commodities analyst Myrto Sokou.—AFP