Bank Of Baku

Oil prices go down

Oil prices go down
# 16 February 2011 07:20 (UTC +04:00)
Baku – APA-ECONOMICS. Oil futures settled at their lowest price in 2 1/2 months Tuesday as concerns about high U.S. crude supplies overtook worries of spreading unrest in the Middle East, Wall Street Journal reported.
Light, sweet crude for March delivery settled down 49 cents, or 0.6%, at $84.32 a barrel, the lowest settlement since Nov. 30.
Brent crude on the ICE futures exchange gave up $1.44, or 1.4%, to settle at $101.64 a barrel.
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