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 Brent crude trades at $30.67 per barrel

Oil price renewed the plunge on Friday after slight appreciation on Thursday against the backdrop of lifting of sanctions imposed against Iran.

Censor.NET reports citing Russian Interfax, which is referring to Bloomberg.

Brent crude oil futures with delivery in March have decreased by 0.7 percent - to $30.67 per barrel on London's ICE Futures Exchange by 7 a.m. Moscow time.

Futures price of WTI crude oil with delivery in February has slumped by 1.6 percent - to $30.69 per barrel on the New York Mercantile Exchange (NYMEX) by this time.

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

The oil prices plunged below $30 this week for the first time in 12 years.

The Iranian officials declare plans to increase production by one million barrels per day within the next six months.

 
 
 
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