New York: Prices of crude oil have witnessed decline of 2.5% while the US crude oil per barrel business closed at less than 50 dollars.
U.S. benchmark West Texas Intermediate crude oil prices gained 14 cents to $49.90 a barrel after ending down $1.16.
International Brent crude futures were trading up 4 cents at $53.04 a barrel at 0345 GMT after closing the previous session down 93 cents.
On the other hand Venezuela Oil minister said that OPEC wanted to increase prices of crude oil on medium level so that oil producer countries could not face loss.
