The price of a barrel of Brent oil for delivery in October ended this Tuesday on the London futures market at $99.32, down 5.49% which at the end of the previous session, its biggest drop in about a month.
North Sea crude, a benchmark in Europe, ended the day at International Exchange Futures down $5.77 from the last trade, when it closed at $105.09.
After yesterday’s sharp rise, the price of Brent plummeted due to the perspective among analysts that unrest in Iraq will not affect oil exports and the fear that high prices will help destroy demand.
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