Bank Of Baku

Oil prices fall again

Oil prices fall again
# 12 July 2013 09:16 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. The price of oil fell back to below $105 a barrel Thursday, ending a surge that had pushed the price to a 16-month high, after a report from the International Energy Agency said oil supplies would exceed the expected rise in demand next year.

 

U.S. benchmark crude fell $1.61 to $104.91 in midday trading in New York.

 

Brent crude, which is used to price imported crude used by many U.S. refineries, fell 78 cents to $107.73.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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