Current price of oil today, Wednesday May 16, 2012, Raw Materials. Investment News
The current price of a barrel of WTI West Texas Intermediate, the U.S. benchmark oil had a negative number to fall $ 0.80 to price and settle at $ 93.98 compared to $ 93.65 the previous day , oil price per barrel of WTI in the New York market.
Experts say the current price of a barrel of WTI reported negative figures to fall because of a preview of the dollar against major international currencies in addition to the political crisis that exists in Greece.
On the other hand the current price of a barrel of Brent (London) European reference showed negative figures in $ 0.67 after falling as a percentage being 0.60% drop to price and settle at $ 112.24 compared to the $ 110.48 the previous day, oil price per barrel of Brent in the London market.
While the basket of OPEC, Organization of Petroleum Exporting Countries also fell to settle at $ 108.14 cart.