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Brent crude drops to $88.26

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Brent crude drops to $88.26

Brent crude prices continue to drop to the lowest level, though production wasn't cut.

Bloomberg writes about it, RBC reports.

November Brent futures fell to $88.38 a barrel in London at 09:31 Moscow time on October 10. This is the lowest price since December 2010. The contract closed at $90.05 a barrel on October 9.

WTI crude oil closed at $85.77 on October 9 and declined to $83.59 on the morning of October 10, the lowest level since December 2012.

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