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Sarajevo Times > Blog > BUSINESS > Oil Prices decreased after Brexit
BUSINESS

Oil Prices decreased after Brexit

Published: June 24, 2016
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received_1787465984823411Prices of crude oil recorded a sharp decline on the world market after this morning’s news on the results of a referendum on exit of the United Kingdom from the European Union.

Although a drop of 2 to 3 USD does not represent too significant figure, the important fact is the speed of the fall. In fact, in just a few hours from the opening of the stock market, oil prices fall by almost 5 %.

From the price of around 50 USD per barrel, a decline was recorded in the prices of US WTI crude oil and European Brent in the amount of 3 or 2 USD per barrel. Prices were registered around 2 pm.

This sudden fall price of black gold was last recorded in early February during the brief rest from the then growth, whose result we see at the price lists of local gas stations.

(Source: I. P./Klix.ba)

 

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