9377 visitors online
10 717 83

Brent crude trades at $30.67 per barrel

Censor.NET reports citing Russian Interfax, which is referring to Bloomberg.

Brent crude oil futures with delivery in March have decreased by 0.7 percent - to $30.67 per barrel on London's ICE Futures Exchange by 7 a.m. Moscow time.

Futures price of WTI crude oil with delivery in February has slumped by 1.6 percent - to $30.69 per barrel on the New York Mercantile Exchange (NYMEX) by this time.

Read more: Low oil prices might last for decades, - Russian Economic Development Minister Ulyukayev

The oil prices plunged below $30 this week for the first time in 12 years.

The Iranian officials declare plans to increase production by one million barrels per day within the next six months.