Crude oil prices in the global markets drop further…some hours into the Eid-el-Kabir celebrations marked worldwide.
The U.S. government’s action in resorting to its strategic oil reserves to offset oil production cut by floods, depressed product prices.
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At the London market, the Brent crude trades lower at fifty two dollars per barrel….losing twenty three cents.
The Opec basket brand drops to forty nine dollars per barrel.
