Crude oil prices decrease in expectation of market balance

Oil prices declined by 0.19-0.27%

As of December 28, Brent Crude futures for March settlement were trading 0.27% lower to settle at $51.2 a barrel on the London-based ICE Futures Europe Exchange. Brent Crude futures for February delivery fell by 0.29% до $51.14.

Light Sweet Crude (WTI) futures for February delivery on the New York Mercantile Exchange fell by 0.19% to close at $48.14 a barrel.