Brent oil returns to below $100 level

Brent oil returns to below $100 level

The price of a barrel of Brent oil, which is used for Angolan exports, for delivery in October ended, this Tuesday, in the London futures market, down 5.49%, returning to a level below 100 dollars.

This was the biggest drop in the price of Brent in the space of a month, after the sharp rise this Monday. For analysts, the price of oil has dropped because there is a perception that the unrest in Iraq will not affect exports and because of fears that high prices will lead to a drop in demand.

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