Oil prices declined in the past three business day, but currently they are traded slightly up. The speculation around the European debt crisis and the slowdown in Asia and US may continue to affect traders to keep crude oil prices lower than their level in previous months. Today, the U.S. New Home Sales will be published.
On Friday, September 23rd oil price (WTI) declined by 0.85% to $79.58/b; Brent also slipped by 0.86% to $106.64/b; during September WTI fell by 10.39%; Brent decreased by 8.45%.
The chart below shows the prices development of WTI and Brent oil (normalized prices 31st of August=100) during September.
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