Bank Of Baku

Oil price drop

Oil price drop
# 23 March 2012 07:39 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. WTI oil futures open Thursday’s trading session firm over $106 a barrel and prices remain near 2012 highs after weekly government data showed a surprise drop in US oil inventories. US Light crude oil futures for May 2012 delivery was trading at $105.35 a barrel, dropping in electronic trading on the NYMEX $1.92 or 1.8%.

On March 22, Brent crude oil futures for May 2012 delivery on London’s ICE was $123.14 a barrel, dropping $1.06 or 0.9%.
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