Oil prices continue to fall on markets

Gunel Abbasova
Post's author

Baku. 28 May. REPORT.AZ/ On world markets price for barrel of WTI (West Texas Intermediate) crude oil decreased by 0,30% or 0,15 USD and amounted to 49,33 USD.

Report informs, either price for Brent crude oil declined on world markets. So, price for this crude reduced by 0,54% or 0,27 USD and amounted to 49,32 USD per barrel.

Due to the forecasts, in case price for crude oil to be stable, average price of oil in 2016 expected to make 56 USD per barrel. 

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