World oil prices dropping sharply

As a result of e-commerce in London and New York stock exchanges, the world oil prices are falling, Gazeta.ru reports.

According to the source, the price for Futures WTI oil reduced by 4, 60%, totaling to $70, 70 per barrel on the New York Mercantile Exchange (NYMEX).

The price for September Futures Brent oil cut down by 5, 96 % to stand at $74,16  per barrel on the London ICE Futures Exchange.

To note, one barrel equals 158,988 liters.