Bank Of Baku

Brent crude drops

Brent crude drops
# 12 November 2010 07:14 (UTC +04:00)
Baku – APA-Economics. Benchmark oil for December delivery was down $1.58 to $86.23 a barrel at early afternoon Bangkok time in electronic trading on the New York Mercantile Exchange, ABC News reported.

The contract settled unchanged at $87.81 on Thursday after earlier hitting a two-year high on news that U.S. crude and gasoline stockpiles declined last week in a sign of improving demand for fuel.

In London, Brent crude slid $1.35 to $87.75 a barrel on the ICE Futures exchange.
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