The London stock has registered a price for Brent oil at 39.77$ per barrel. This figure is the lowest one for the last four years. At the same time, the New York stock exchange registered this figure at 39.92 dollars.
The reduction in price is explained by the diminution of demand for the product, due to the world economic crisis. Particularly, the recession is felt in the biggest oil consumer countries, especially USA.
Oil futures quotes were influenced negatively
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Oil Barrel - Under $40
Oil barrel - under $40
Posted 08 December 2008
- Maximus
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