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Sarajevo Times > Blog > BUSINESS > New drop in oil Prices
BUSINESS

New drop in oil Prices

Published April 8, 2016
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Oil Prices in Stagnation novac.baAfter a culmination in the value of black gold on March 22nd, the lines on the graphs began to slowly descend. In fact, on March 22, oil prices on the US market reached almost $42, while European counterparts reported $ 41.50 per barrel. The next day, March 23, a drastic decrease was reported. The value of oil this morning is $35 in the United States, and $37 in European markets. By Tuesday the price of US WTI had fallen by $6, while the European Brent suffered a decline of around $4. This is the longest-running decline in value since January, when during ten days the value of oil fell by $8 per barrel. The new price represents the end of increasing prices which lasted 40 days, and that resulted in a jump of 30 percent.

(Source: klix)

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