403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Prices of oil drop
(MENAFN)
Prices of oil decreased on Friday as worries over a possible drop in demand for crude oil surfaced and negatively affected the crude oil market.
The West Texas Intermediate for March delivery saw a decline of USD1.40 U.S. to set at USD54.19 per barrel on the New York Mercantile Exchange, after reaching the lowest level for a most active contract since earlier October.
Brent crude for March delivery posted a drop of USD1.35 to set at USD60.69 per barrel on the London ICE Futures Exchange, following a 6.4 percent weekly drop.
Worries about a decline in crude oil demand rose and the situation grew complicated by worries about possibility of oversupply.
Prices of oil decreased on Friday as worries over a possible drop in demand for crude oil surfaced and negatively affected the crude oil market.
The West Texas Intermediate for March delivery saw a decline of USD1.40 U.S. to set at USD54.19 per barrel on the New York Mercantile Exchange, after reaching the lowest level for a most active contract since earlier October.
Brent crude for March delivery posted a drop of USD1.35 to set at USD60.69 per barrel on the London ICE Futures Exchange, following a 6.4 percent weekly drop.
Worries about a decline in crude oil demand rose and the situation grew complicated by worries about possibility of oversupply.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment