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The Texas oil price decreases to $ 80
Posted On 23 Oct 2014
The Texas oil price (WTI) dropped at $ 80.52 a barrel for the first time since June 2012, when depreciating today by 2.3% while Brent has contened more, falling at 1.7% to $84,7.
At the close of the New York Stock Exchange, future contracts of the Texas Intermediate oil for its December delivery, which are taken from reference being published yesterday that the dropped at $ 1.97 compared to the previous day.
The reference crude in USA decreased sharply after being published yesterday that the reserves rose last week by 7.1 million barrels (1.9%), until reaching 377.7 million barrels. Analysts had expected an increase of 3 million barrels.
So far this year, Texas crude oil has depreciated by 18%, while Brent has fallen by more than 23%.