Brent oil price drops below $52 per barrel
Business & Economy
March 09, 2017, 14:18
Brent oil futures with supply in May 2017 dropped 2.7% to $51.7 per barrel
MOSCOW, March 9. /TASS/. Brent oil futures with supply in May 2017 dropped 2.7% to $51.7 per barrel during the Thursday trading on the London’s ICE.
Brent oil prices were below $52 a barrel last time on December 1, 2016.
Oil prices started declining on March 8 nearly immediately after the US Department of Energy released data about in-country oil inventories.
Urals-Primorsk oil futures with performance in April 2017 fell 7.22% on St. Petersburg’s SPIMEX to $48.86 per barrel.