n Personal Finance Newsletter - Why oil prices matter beyond petrol : comment
|Article Title||Why oil prices matter beyond petrol : comment|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Mar 2015|
|Pages||1 - 2|
A year ago a barrel of Brent Crude oil would have cost $107. Today it sells for just above $50 [the price of Brent Crude has since recovered to $60 per barrel as at the time of writing - Editor]. The recent oil price decline has allowed the inland petrol price to fall yet again to R10.09 per litre as of 4 February 2015 - a cumulative 28% drop from its level six months ago.
Article metrics loading...