Oil prices

17 Avqust 2011 09:00 | 963

The current price of a barrel of WTI crude, reference Texas Intermediate U.S. had negative numbers falling $ 1.23 a share to be in a drop of 1.4% to quote and settle at $ 86.65 compared to $ 87.88 the previous day (oil prices Tuesday August 16, 2011) price per barrel of WTI crude on the market in New York.

Experts say the drop in the current price of WTI oil was due to negative reports regarding the German economy.

On the other hand the current price of a barrel of Brent (London) reference to Europe had to fall into negative figures being $ 0.44 a decrease in percentage of 0.4% to quote and settle at $ 109.47 price Brent crude on London market.