Bank Of Baku

Oil price fall continues

Oil price fall continues
# 09 July 2009 08:30 (UTC +04:00)
Baku – APA-Economics. On July 8, on the New York Mercantile Exchange August crude WTI futures was down $2.51, at $60.42 per barrel, APA-Economics reports. August Brent contract on London’s ICE futures exchange was down $2.80 at $60.43 per barrel.

According to the reports of US Energy Department, crude resources were reduced from 2.9 -347.3 mln barrel from June 26 to July 3 and petrol resources were increased to 1.9 – 213.1 mln barrels. The daily oil production in the United States was increased from 5.163 mln to 5.171 mln barrel.
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