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 Brent Price Fell Below $70 per Barrel

Oil prices continue to decrease - ICE Brent futures dropped to $69.81 for a barrel.

Censor.NET reports citing RBK.

Read also: OPEC Refused to Support Russia: Oil Production Will Not Be Reduced

According to the results of the previous closing the price of oil was $72.58. Thus, the price per barrel fell by 2.56%. WTI crude oil (Light Sweet Crude Oil) price also decreased. WTI minimum price was $65.85 per barrel. The oil price is $66.06 as of 10:20 p.m. Moscow time.

Brent oil price growth was registered Nov. 28 morning - it initially excelled its lowest level in nearly 4.5 years, reached in the morning when the prices slipped to $71.12 per barrel - the lowest level since July 7, 2010. Then, it was at the level of about $72 per barrel during several hours, the maximum value reached $73.39 per barrel. The price's sharp decline began at about 07:00 p.m. Moscow time.

Read also: Oil Prices Could Slide to $60 per Barrel if OPEC Does not Agree Significant Output Cut Thursday - Reuters

 
 
 
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