The price for the oil barrel closed at 112,52 dollars on Thursday at the New York Stock Exchange, reaching its minimum level in the past two weeks, when it came very close to 120$ per barrel. On Friday morning, Asian markets confirmed the decreasing trend: the barrel was 111.97 dollars.
The main explanations offered by international analysts were the strengthening US currency and the end to put to the strike at the Nigerian extraction facilities owned by Exxon. After eight days of negotiations, the oil production will return to 800,000 barrels per day.
