Bank Of Baku

Oil prices decline

Oil prices decline
# 30 May 2013 07:25 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. The price of oil fell near $93 a barrel Wednesday on concerns that the Federal Reserve may ease up on its stimulus measures and that the stock market rally is cooling.

 

By afternoon in New York, benchmark oil for July delivery was down $1.88 to $93.13 a barrel.

 

Brent crude, a benchmark for many international oil varieties, was down $1.80 to $102.43 a barrel on the ICE Futures exchange in London.


 

 

 

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