Oil price drops below $70 per barrel
The price of Brent crude in London dropped to $69.97 per barrel for the first time since June 2007, reports Lenta.ru citing France Presse.
The cost of the American oil WTI for November deliveries dropped over $4 down to $74.54 per barrel. OPEC decreased demand targets for 2009 from 550,000 barrels down to 330,000 barrels per day.
The cost of the American oil WTI for November deliveries dropped over $4 down to $74.54 per barrel. OPEC decreased demand targets for 2009 from 550,000 barrels down to 330,000 barrels per day.
