Oil prices continue dropping

As a result of sales and purchases in London and New York stock exchanges, the oil prices are falling, Gazeta.ru reports.

According to the source, the price for March Futures WTI oil fell by 0,4% which is  $48,11 per barrel on the New York Mercantile Exchange (NYMEX).

The price for Brent oil fell by 0,37% reaching $47,9 per barrel on the London ICE Futures Exchange.

One barrel of oil contains about 159 liters.