Oil prices drop to fresh five-year low

14:15, 30 December 2014
0 0

The futures price for Brent crude oil on Monday dropped to $57.62 per barrel, a fall of more than 3% to a new five-year low, according to the BBC’s Ukrainian Service.

REUTERS

The price of WTI crude oil fell by 3.22%, to $52.97 per barrel.

The price of oil has been falling sharply because of news of possible supplies coming online from oil fields in the Gulf of Mexico and the United States.

If you see a spelling error on our site, select it and press Ctrl+Enter