Oil prices on world exchanges dropped again.
As of 07:34 the price of a barrel of Brent crude decreased in price by 0.27% to $47.47 per barrel. The crude oil futures of WTI dropped 0.26%, reaching $46.11.
Traders said the dips were largely a result of profit taking following intra-day Brent price rises of up to $2.95 the previous day. "A lot of people think that yesterday's jump was a bit over the top, so they've taken the profit while they could this morning," Reuters reports.
