Oil prices dropped in International market

Oil prices are following the declining trend worldwide. Various countries of OPEC and US West Texas has dropped oil prices significantly

Saudia Arab has dropped oil prices for about 1 percent due to increased supplies by oil export countries

London Brent oil has dropped 86 cents and close to 77.9 dollars per barrel

Us West Texas oil prices dropped by 1.15 percent to 72.96 dollars per barrel. this is due to stockpile and increase in inventories by USA.

Oil prices are lowest in the last 27 months