Oil price falls below $29 per barrel for the first time in 12 years

  16 January 2016    Read: 1529
Oil price falls below $29 per barrel for the first time in 12 years
The price of the futures contract for Brent crude oil March delivery declined by 7.18% to $28.81 per barrel on the Intercontinental Exchange (ICE) in the course of the trading on Friday.
The price of WTI oil is trading at $29.2 per barrel.

Earlier on Friday, the price of the futures contract for Brent crude oil February delivery declined by 3% to $29.8 per barrel on the London Stock Exchange (ICE).

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