The prices of crude oil in the international market declined further on Monday raising fears that the Organisation of Petroleum Exporting Countries, which has seen its influence on the world oil markets dwindled in recent months, could face significant repercussions.Global benchmark Brent and United States’ benchmark West Texas Intermediate dropped to fresh five-and-a-half-year lows on Monday. Brent fell $3.33 to $53.03 per barrel and the WTI dropped by $2.27 to $50.42.
Read more @ Punch Online
No comments:
Post a Comment