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Oil price dropped to its lowest level in a month

November 3, 2016 by Staff News Writer

Oil prices fell on November 2nd to its lowest level in a month in European markets. The data showed an increase higher than expected on the United States’ oil stocks.

Brent barrel’s price from the North Sea is 46.62 dollars on the Intercontinental Exchange (ICE) in London. That is 1.52 dollars less than its price on November 1st.

On the New York Mercantile Exchange (NYMEX), a barrel of light sweet crude, which is an American benchmark, fell by 1.47 dollars.

crhoy.com

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  2. Oil falls due to excess production and dollar strength
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  4. Lowest oil price in four months
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  6. Oil price dropped one more time

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