The futures for WTI oil dropped to $50 per barrel yesterday, which is the the lowest price since April. At the end of the day it reached $50.15, per barrel, TASS reports.
According to the latest information, Brent crude is $56.60 a barrel.
The reduction of prices is associated with significant excess of supply over demand of oil, as well as the strengthening of the dollar.
Oversaturated market and expensive dollar pull oil prices down
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