Brent barrel price drops 0.45% to $87.92

The North Sea crude, a reference in Europe, ended the session on the International Exchange Futures quoted 40 cents below the $88.32 with which it closed trading on Thursday.

Brent ended the session down again, after having reached in the first half of this week unprecedented values since October 2014, driven by the combination of the shortage of global supply and increased demand.

The increase in US oil stocks, plus the prospect of inflation containing the growth in demand, has contributed to holding back the rise in European crude prices for the time being.

Source Lusa

Share this article