“Oil prices have stabilized after declining a day earlier

– Oil prices reference marks are almost stable on Wednesday after a decline the previous day.

However, prices remain near two-year highs, says MarketWatch.

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Concerns about supply disruptions in the North sea and Libya has weakened somewhat. However, a continued seventh day of protests in Iran support the oil market.

The March futures for Brent oil at the London ICE Futures exchange to 8:56 Moscow time has fallen in price on $0,01 (0,02%) to $66,56 per barrel. At the auction the previous day the price fell by $0.3 (0,45%) and amounted to $66,57 for the barrel.

Quotes of WTI oil futures for February on Wednesday morning rose to $0,02 (0,03%) to $60,39 per barrel. At the end of last session the price dropped to $0,05 (0,08%) and amounted to $60,37 a barrel.

The last business day of 2017 WTI finished at $60,42 per barrel, the highest level since June 2015. Last year this variety of oil has risen by 12.5%.

Brent increased in price in 2017 by 18%.

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