Bank Of Baku

Oil drops sharply on world markets

Oil drops sharply on world markets
# 06 November 2008 07:46 (UTC +04:00)
Baku. Vahab Rzayev - APA-Economics. Light, sweet crude for December delivery fell $5.23 to settle at $65.30 a barrel on the New York Mercantile Exchange while Brent crude lost $4.57 to settle at $61.87 a barrel.
For the week ended Oct. 31, crude-oil inventories remained at 311.9 million barrels, 1.5 percent above year-ago levels, the Energy Department’s Energy Information Administration said in its weekly report.
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