Bank Of Baku

Oil prices end lower on markets

Oil prices end lower on markets
# 26 August 2009 09:43 (UTC +04:00)
Baku– APA-Economics. The price of oil ended lower on Tuesday, falling back from an intra-day high of $75 a barrel - the highest so far this year - after profit taking, BBC reports.
US light crude ended the day down $2.32 to $72.05, while London’s Brent dropped $2.44 to settle at $71.82.
Prices had earlier risen following figures showing an improvement in US consumer confidence.
Oil prices hit a record $147 last summer before falling to just above $30 a barrel at the start of this year.
Prices have since recovered as the global economy has pulled back from recession.
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