NEW YORK, July 21 (UPI) -- Crude oil prices drifted lower in early Thursday trading after the European Central Bank said downside risks are lingering in the regional economy.

In its first formal meeting since the British vote in June to leave the European Union, the ECB said it was keeping its main interest rate at 0 percent, citing ongoing risks to sustained economic recovery.

"Headwinds to the economic recovery in the euro area include the outcome of the U.K. referendum and other geopolitical uncertainties, subdued growth prospects in emerging markets, the necessary balance sheet adjustments in a number of sectors and a sluggish pace of implementation of structural reforms," ECB President Mario Draghi said in his opening remarks Thursday. "Against this background, the risks to the euro area growth outlook remain tilted to the downside."

http://www.upi.com/Oil-prices-drift-lower-as-Europe-weighs-economic-risks/5461469107928/?nll=1

Diesel poluted with palmoil cr-p here in Thailand is not going down though.