Bank Of Baku

Oil prices decline

Oil prices decline
# 28 July 2011 07:45 (UTC +04:00)
Baku – APA-Economics. Oil prices fell to near $97 a barrel Thursday in Asia as the release of U.S. emergency crude reserves boosted commercial inventories, Economic Times reported.

Benchmark oil for September delivery was down 25 cents to $97.15 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. Crude lost $2.19 to settle at $97.40 on Wednesday.

In London, Brent crude dropped 2 cents to $117.41 per barrel on the ICE Futures exchange.
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