Oil prices continue to decline

Oil prices continue to decline

Today, Friday, oil prices fell further due to concerns over a probable economic downturn that may affect the market for black gold.
Brent crude futures had fallen 0.63 percent to $87.93 per barrel at 8:00 a.m. Moscow time, while US West Texas Intermediate crude futures had fallen 0.50 percent to $80.82.
“Brent” crude and US crude both concluded yesterday’s trading session at $88.49 a barrel.
Writer: RT.

Oil costs are still falling.

Due to worries about a potential economic slowdown that could impair the demand for black gold, oil prices continued to fall today, Friday.
By 8:00 a.m. Moscow time, Brent crude futures had down 0.63 percent to $87.93 per barrel and US West Texas Intermediate crude futures had dropped 0.50 percent to $80.82.
Yesterday’s trading ended with “Brent” crude at $88. 49 per barrel and US crude at $81. 23 per barrel.
Author: RT.

About Author

Economics