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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