Oil declines in price after falling the day before


January 23, Fineko/abc.az. The prices for oil of standard grades continue declining on Thursday after a significant drop on Wednesday.

Following the trading on 22 January, March’s Brent crude futures at the London ICE Futures Exchange fell in price by $1.38 (2.14%) to $63.21 per barrel. Its price fell by $0.92 (1.46%) to $62.29 per barrel by 9:15 am.

At the end of the trading on 22 January at the New York Mercantile Exchange (NYMEX), March’s WTI futures decreased by $1.7 (2.91%) to $56.64 per barrel. The WTI futures for March declined by another $0.99 (1.74%) to $55.75 per barrel by 9:15 am.