Reuters
Oil prices fall below 75$ per barrel on Friday with the prices of primary commodities under pressure because of the reforms that proposed by President Barack Obama in the banking sector.
Stock decline of US and European caused continuation of oil prices to fall throughout the day.
In NYMEX stock exchange, the futures dealing price of crude oil dropped 1.54$ to 74.54$ per barrel, which is the lowest level since 22 December.
In London, European Brent crude measurement dropped 1.75$ to 72.83$ per barrel.
Obama proposals was to impose restrictions on the exercise of the major banks to financial transactions for thier benefit has raised fears of a possible recession in the activities of banks and funds in the primary commodity sector.
Oil prices was rised to the highest level in 15 months near 84 dollars per barrel in early of January because the flow of investments after increased allocations of funds and other factors.
+of+Copy+of+Scan+Head+Letter3.JPG)
No comments:
Post a Comment