Oil Slides Under $100, Pulling Energy Stocks Lower
5 Articles
5 Articles
The value of the Brent oil futures on the London ICE market dropped below $103 per barrel for the first time since September 10. The cost of the Brent oil futures on the London ICE market dropped below $103 per barrel for the first time since September 10, transfers TASS.K 14:13 Moscow time to Brent's price dropped by 2.78 per cent to $102.89 per barrel. Soon the price of the Brent oil fell to 2.54 per cent and the price of the barrel reached $1…
Prices are still high, but drivers of combustion engine vehicles can breathe a sigh of relief for a while. It appears that price increases at Polish gas stations will slow down, as the price of Brent crude oil has reversed, falling by more than 3% on Thursday.
Dollar Retreats as Brent Oil Slips; BoE Minutes Cushion Sterling - ActionForex
Dollar retreated from its post-FOMC highs as Brent crude dropped more than 3% to below $103 and WTI fell around 2.8% to $99.5, moving back under the psychologically important $100 level. DXY pulled away from levels above 100.3, while Sterling pared part of its initial decline after the Bank of England held Bank Rate at 3.75% on a 6–3 vote.
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