Oil to fall in price on European and U.S. fears
World oil prices are falling down on Thursday amid the concerns about the possible worsening of the debt crisis in the Euro zone and the weak statistical data from the U.S. housing market, according to the auction.
The cost of the July futures on U.S. Light Sweet Crude Oil WTI at electronic trading in New York as of 08.39 GMT fell by 0.19 dollars or 0.22% – up to 87.63 dollars per barrel. July futures price for North Sea Brent crude oil mix fell by 0.29 dollars or 0.28% – up to 103.18 dollars per barrel.
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