International oil prices have fallen below $70 per barrel. Reports indicate that Libya has agreed to resume crude oil exports, adding to the price drop.
The decline in demand has also contributed to the fall in crude oil prices. On a daily basis, the price of crude oil in the global market is decreasing by $1.50 to $2.
Currently, crude oil is trading around $68 per barrel in the global market. U.S. crude oil has dropped by $2.14, now trading at $67.67, while British crude oil is trading below $72, currently at $71 per barrel.
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