Oil prices drop to fresh five-year low

14:15, 30 December 2014
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The futures price for Brent crude oil on Monday dropped to $57.62 per barrel, a fall of more than 3% to a new five-year low, according to the BBC’s Ukrainian Service.


The price of WTI crude oil fell by 3.22%, to $52.97 per barrel.

The price of oil has been falling sharply because of news of possible supplies coming online from oil fields in the Gulf of Mexico and the United States.

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