World Market: Crude oil prices drop while Gold on the rise

World Market: Crude oil prices drop while Gold on the rise

By Lahiru Fernando

18 Jun, 2018 | 11:53 am

The crude-oil prices in the world market have dropped in comparison with yesterday’s (June 17) value. A barrel of crude oil in the Brent Market (UK) is being sold at US $73.05.

Meanwhile, a barrel of crude-oil in the American market is being sold at US $64.24.

While the crude-oil prices have dropped in the world market, it’s a different story with Gold. Market Analysts point out that the prices of Gold have gone up in the world market, compared to yesterday.

An ounce of Gold is being sold at US $1281.41 in the World Market.

Analysts point out that the depreciation of the US Dollar has contributed to the rise in Gold prices in the world market.