International drop in crude oil prices

The cost of oil has dropped to prices below 70 dollars in the international market.

As per the details, Libya has agreed to revive its crude oil export; subsequently, the effect on the demand side has reduced the prices.

The cost of crude oil in the international market is decreasing by $1.5 to $2 daily. Currently, it is being traded at around $68 in the global market.

Internationally, American crude oil is being traded at $67.67 as the price dropped by $2.14.

On the other hand, the cost of British crude oil decreased to $71 following a $1 drop.

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