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 Brent crude oil trades at $30 per barrel

Brent crude oil price goes down on Thursday, trading near the mark of $30 per barrel in anticipation of oil supply increase, which should follow lifting of sanctions against Iran next week.

Censor.NET reports citing Russian Interfax.

Brent crude oil slumped below $30 per barrel on Wednesday for the first time since April 2004.

Brent crude oil futures for delivery in February dropped by 0.85 percent - to $30.05 per barrel, on the London ICE Futures Exchange as of 8 a.m. Moscow time.

Read more: Low oil prices might last for decades, - Russian Economic Development Minister Ulyukayev

The futures for WTI crude oil rose by 0.15 percent - to $30.53 per barrel, in the course of trading on the New York Mercantile Exchange (NYMEX).

It should be noted that according to analysts, Iran is able to increase oil production by 3.7 percent within a month after the lifting of the sanctions.

 
 
 
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