(MENAFN)
Prices of oil have decrease on the week that ended on the 17th of January, the West Texas Intermediate (WTI) for February delivery price dropped 0.85 percent and Brent crude oil for March delivery dropped 0.20 percent.
WTI ended at USD58.54 per barrel on the New York Mercantile Exchange, Brent crude ended at USD64.85 per barrel on the London ICE Futures Exchange.
WTI and Brent crude prices declined 4.13 percent and 1.74 percent in the year so far.
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