Recession Global

World oil prices dropped sharply on the basis of exchange trading on Friday, August 14, reported AFP.In New York barrel mark WTI providing delivery in September dropped in price to 3.01 dollars (4.3 percent) up to at 67.51 dollars. In London, the September futures price of North Sea Brent crude oil fell by 1.07 dollars to 72.41 dollars per barrel.Stock analysts attributed the reduction in oil prices to fall in the index of consumer confidence in the U.S. - in August the figure stood at 63.2 against item 66 items a month earlier. Previously predicted that the index of consumer confidence in the United States - a country whose economy consumes more energy in the entire world - will be not less than 69 points.Trading session on the U.S. stock market on 14 August as the decline of major indices closed. Dow Jones Industrial Index lost 76.79 points (0.82 percent) and was recorded at around 9,321.40 points. High on the Nasdaq fell 23.83 points (1.19 percent) to 1,985.52 points and a broad market index Standard & Poor's 500 - by 8.64 points (0.85 percent) to 1,004.09 points.