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Oil price in New York down to $74.3

November 14, 2014, 9:55 UTC+3 NEW YORK
Analysts name slower economic growth rate in China as the main reason for dropping prices
1 pages in this article
© EPA/Alejandro Ernesto

NEW YORK, November 14. /TASS/. WTI oil price went down by $2.88 or 3.73% at trading sessions in New York on Thursday.

Futures contracts for this oil delivery in December were concluded at the price of $74.3 per barrel. Brent oil price reduced to $77.83 per barrel on the same day that makes its lowest since September 2010.

Analysts named slower economic growth rate in China as the main reason for dropping prices, as industrial production growth was reported at its lowest level for the last 13 years.

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