01FEB2018 - NEWS - Oil prices shown a falling trend on Wednesday

During this week On Wednesday the crude prices have shown a falling trend. Brent crude crossed $70 per barrel mark last week three times. During this week average price of Brent crude is $69.18 where as previous weeks average was $70.09. The average prices for both WTI and Brent for January 2018 are $63.55 and $68.97 per barrel respectively. Due to the rise in Oil Prices US Oil producers have added more rigs during last week.