Updated on
Summary
World oil prices tumbled during last week and a decrease of above $6 per barrel was recorded. New York's main contract, light sweet crude dropped to 66.2 dollars a barrel which at the start of business week was $72.4. A decrease of 8.35perecnt was recorded in the prices during current week. On the other hand, Brent North Sea crude for November delivery slid to $65.11 with a decrease of $6.21. Experts said addition in American oil reserves, decrease in dollars value and the rumors of delay in elimination of global crisis downed the crude oil prices.
