Oil price has decreased worldwide. Newsgeorgia was reported by the Union of Producers, Customers and Importers of Oil Products.
According to the Union, on October 16, 2008, IPE Brent Crude oil price equaled 70,80.55 (-3, 73) dollars per barrel at London and New York markets, while price of Light Sweet Crude was at 74,54 (-4, 09) dollars per barrel.
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