World oil prices fell during electronic trading on exchanges in London and New York, Kazinform reports.

January futures for Brent trademark on the London ICE Futures Exchange fell by 3.33 dollars to 59.19 dollars per barrel.

The cost of futures deals for December deliveries of WTI trademark oil for December futures on the New York Mercantile Exchange (NYMEX) fell by 4.21 dollars to 50.52 dollars per barrel.

Note that Bank of America has updated the outlook for oil prices.

Brent: In 2018, the average cost will be $ 74 per barrel. In 2019, it will cost $ 80.

WTI: In 2018, the average cost will be $ 64 per barrel. In 2019, it will cost 71 US dollars.

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