In 2014 Brent oil price went down by 48%, but price reduction against 2013 constituted 8.66%. Average price of this oil totaled $99.29 per barrel last year, while price of WTI oil was $92.60 per barrel.
Price of Brent oil was below $100 per barrel for the first time during the past four years, reported TACC.
Years | Average price of Brent oil in USD |
2010 | 80.34 |
2011 | 110.91 |
2012 | 111.68 |
2013 | 108.70 |
2014 | 99.29 |