Bank Of Baku

Oil price fall continues

Oil price fall continues
# 08 July 2009 09:20 (UTC +04:00)
Baku – APA-Economics. On July 6, on the New York Mercantile Exchange August crude WTI futures was down $1.12, at $62.93 per barrel, APA-Economics reports. August Brent contract on London’s ICE futures exchange was down $0.82 at $63.23 per barrel on July 7.

US Oil Institute’s report on the commercial resources reduction couldn’t stop the fall in oil prices. According to the report, oil resources of the country were reduced to 1.398 mln 348.347 mln barrels from June 26 to July 1. Petrol resources were increased to 767 000 – 212.363 mln barrels.
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