Brent oil is becoming cheaper by more than 3% on fears over China’s economy

Brent oil is becoming cheaper by more than 3% on fears over China’s economy


The March futures price for North sea petroleum mix of mark Brent has decreased on 3,04% – to 32,90 USD per barrel, according to AFP.

MOSCOW, 11 Jan. The world prices for oil on Monday has accelerated the decline; Brent crude oil become cheaper by more than 3% amid ongoing concerns in the market about the state of China’s economy, the weakening of which may increase pressure on prices from the excess supply in global oil markets, according to AFP.

As at 18.07 Moscow time the March futures price for North sea petroleum mix of mark Brent has decreased on 3,04% — to 32,90 USD per barrel. The price of February futures for oil of mark WTI fell 2.50% to 32,33 dollars per barrel.