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Brent oil drops 1.80% to $ 62.06

Brent oil drops 1.80% to $ 62.06


The price of a barrel of Brent oil for delivery in March ended Thursday at the London futures market at $ 62.06, 1.80% less than at the end of the previous session.

The North Sea oil, a benchmark in Europe, concluded the day at the International Exchange Futures with a decrease of $ 1.14 compared to the last negotiation, when it closed at $ 63.20.

The fear of a slowdown in the growth of demand lasted the price of the European barrel, which closed in red for the third consecutive session.

The health crisis in China, the world’s leading oil importer , as well as a smaller than expected decline in US oil reserves, fueled concerns about the evolution of demand among analysts.

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