Updated on
Summary
Price of crude oil closed below to level of $70 per barrel in the international market on Saturday. The decrease of 66 cents in the price of light sweet crude oil for January delivery at New York Mercantile Exchange pushed the price to close at $69.87 per barrel. Brent North Sea London price reached at $71.88 per barrel with a decrease of 2 cents. According to the dealers, the fall in demand of oil in US caused the decrease in its price.
