Brent hovers around maximum since November last year

Oil prices dropped slightly on Tuesday morning with Brent hovering around the maximum since November last year, reached before.

Report informs via Interfax that Brent futures with the settlement in March made $88.02 per barrel at London's ICE, which is a drop of $0.17 (0.19%) from the previous day's close. As a result of trading on Monday, these contracts rose by $0.56 (0.6%) to $88.19 per barrel, updating the record close since November 22.

The price of futures for WTI oil for March on the electronic trading of the New York Mercantile Exchange (NYMEX) is by this time $81.58 per barrel, which is 4 cents lower than the final value of the previous session. As a result of the last session, the contract fell in price by 2 cents to $81.62 per barrel.