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[size=48][ltr]Decline in oil prices at $ 50 a barrel[/ltr][/size]
[ltr]June 13, 2016[/ltr]
[ltr]Our economy / and Kallat[/ltr]
[ltr]
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[ltr]June 13, 2016[/ltr]
[ltr]Our economy / and Kallat[/ltr]
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Oil prices fell on Monday, influenced by the gloomy economic outlook in Europe, Asia and the consequent rise in the US dollar, raising the cost of fuel imports for countries that use other currencies.
The decline came after a week of record highs in crude prices in 2016 supported the restoration of balance oil markets faster than expected.
Brent futures 51 cents to US $ 50.03 a barrel by 0921 GMT, after checking in earlier on Monday to $ 49.80 a barrel.
The price fell US crude West Texas Intermediate 61 cents to $ 48.46 a barrel
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