Oil prices for today: last data

Oil is cheapening...

In brief: Today at NYMEX oil futures on June have cost at start $70.16 per barrel.

Oil price WTI has today fallen below $70 per barrel firstly during last three months. Besides, oil has been cheapening just five weeks in a row. It is caused by the recession of euro which has lead to reducing of the demand of raw materials.

Today at NYMEX oil futures on June have cost at start $70.16 per barrel which is $1.46 lower than on exchange on Friday. Then oil price has fallen to $69.82 per barrel. Thus, since the beginning of the year oil prices have been fallen to 12%.The Minister of energy of Qatar Abdullah al-Attiyah has said that oil prices collapse in May is connected with the crisis in Europe and OPEC has nothing to do.

Maria Velikanova
2010-05-17 08:21, Economics.

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