Oil Prices Dropped due to the World’s economy slum

Oil Prices Dropped due to the World’s economy slum

WAAR_DUHOK

 

 

Oil prices recorded another notable drop today due to the world’s economy slum.

 

According to today’s market Brent Crude was sold with $59 and 32 cents, and Texas crude sold with $53 and 69 cents per barrel.

 

The drop is estimated at 10 cents for Brent crude and 9 cents for Texas crude the reason goes back to the low demand on oil and world’s economy slum.

 

Since the beginning of the current month oil lost about 5% of its prices due to the situation in Middle East and the trade war between US and China.

 

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