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Oil prices decrease on world markets

12 July 2016 11:22 (UTC+04:00)
Oil prices decrease on world markets

Oil prices remained near two-month lows from the previous trading session on Tuesday as financial traders lost confidence in a recent price rally, switching positions in anticipation of lower prices.

Brent crude oil futures were trading at $46.13 per barrel at 0027 GMT, down 12 cents from their last close and near to the $45.90 two-month lows reached the previous day, while WTI crude was down 13 cents at $44.63 a barrel.

The price of a barrel of Azeri Light crude oil increased $0.09 to stand at $47.24 on the world markets.

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