Crude oil price tumbles to $98,55 in London, in New York - to $83,48

On June 1st, IPE Brent crude oil price plummeted by $3,32 to record sixteen-month low of $98,55 a barrel on the London-based ICE Futures Europe Exchange. Light Sweet Crude price slumped by $3,05 to settle at $83,48 a barrel on the New York Mercantile Exchange.