Oil price down $1.5, to $77.89 in London, in New York drops to $79.8 (-1.44)

As of March 15th, the IPE Brent Crude February futures contract fell to $77.89 (-1.5) a barrel on the London-based ICE Futures Europe exchange. Light Sweet Crude shrank $1.44, to $79.8 on the New York Mercantile Exchange.