NIOC news Team 2nd july-0034GMT today US crude oil prices declined to 84.30 a 66 cents per barrel. Also Brent crude fell 90 cents down to $ 96.90 per barrel. The price cuts happened just three days after the $ 6 and $ 7 rise per barrel for US and Brent crude and it was the largest daily price increase in last three years.
China factories worse incident in June as a key index falling for the past seven months occurred while the process was expected to stop. It is likely the central bank will follow a way to healing the world's second largest economic power.