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Prices for oil drop, and Brent is at $47.54 a barrel

01.12.2020,11:09

December 1, Fineko/abc.az. Oil keeps on falling in price in Tuesday’s trading.

By 9:10 am, at the London ICE Futures Exchange the price of February Brent crude futures lowered by $0.34 (0.71%) to $47.54 per barrel.

At the end of trading on 30 November the Brent futures for February decreased in price by $0.37 (0.8%) to $47.55 per barrel.

By 9:10 am, at the New York Mercantile Exchange (NYMEX) the WTI oil futures for January fell in price by $0.34 (0.75%) to $45.00 per barrel. At the end of trading on 30 November the WTI oil futures for January declined in price by $0.19 (0.42%) to $45.34 per barrel.

In November, Brent crude oil grew by 27% and WTI by 26.7%.