4 minutes agoOil prices continue to fall on global markets
Periskopi(3 years ago)
(3 years ago)In global markets, the price of oil and its derivatives has dropped to the lowest point in the last three weeks. While central banks are continuing to lower interest rates, which reduce economic growth and therefore lower demand for oil. The price for barrel in the London market dropped 7.8 percent, or [...]
While central banks are continuing to lower interest rates, which reduce economic growth and therefore lower demand for oil.
The price for barrel in the London market dropped 7.8 per cent, or $79.94, until in the American market the decline was 7.9 per cent, or $73.39, Hina reports.
Prices have fallen for the second week in a row, until merchants worry about slowing growth in Western economies due to increased interest rates as a measure to combat inflation.
