Oil prices are getting cheaper

The price of crude oil dropped further on Monday after the loss by more than 3% Friday.

Brent oil, the standard in Europe, dropped 1.4% to 1.8%, US West Texas Intermediate lost another 2.5%. Futures contracts in China also declined by 5%.

According to merchant bank Morgan Stanley, oil cartel Opec is distributed internally. Saudi Arabia and non-Opec member Russia together want to pump up to a million barrels after criticizing the high oil price of $ 80.

Also read: why is the oil price reduced?

Invalid email address. Please fill in again.

Unsubscribe with 1 click