Under the February 10 trade results, the oil price at the London and New York oil exchanges has dropped.
The Brent oil price reached 52,27 (- 1,20) USD per barrel at the InterContinental Exchange Futures Europe in London.
The Light Sweet oil price reached 49,57 (- 0,75) USD per barrel at the York Mercantile Exchange in New York, USA.
Specialists say the Coronavirus outbreak caused the oil price to decrease.
The oil price decreased by 10% in January 2020, and the demand for oil in China dropped by 10%.
Bela Gelashvili
News Author