April futures for Brent oil dropped by 2.14% to $57.28 per barrel at the ICE this evening. The prices for WTI oil at the New York Exchange dropped to $49.63 per barrel. The fall of oil prices has been ongoing for the fifth session in a row, the longest period of stable fall in the last three months, Interfax reports.The U.S. oil reserves increased last week, according to Director of Energy Analytics Group Tom Finlon.The euro to dollar ratio is $1.0741 for the first time in 12 years. Oil reserves continue to grow, the fall of oil prices stopped, says Chief Market Analyst at CMC Markets Michael Hewson.
April futures for Brent oil dropped by 2.14% to $57.28 per barrel at the ICE this evening. The prices for WTI oil at the New York Exchange dropped to $49.63 per barrel. The fall of oil prices has been ongoing for the fifth session in a row, the longest period of stable fall in the last three months, Interfax reports.
The U.S. oil reserves increased last week, according to Director of Energy Analytics Group Tom Finlon.
The euro to dollar ratio is $1.0741 for the first time in 12 years. Oil reserves continue to grow, the fall of oil prices stopped, says Chief Market Analyst at CMC Markets Michael Hewson.
