International oil prices have significantly dropped.

The international crude oil futures prices fell more than 5% in early trading on the 27th, before narrowing slightly. The light crude oil futures price for delivery in July on the New York Mercantile Exchange fell by $6.12 to $87.77 per barrel, a 6.52% decrease; while the Brent crude oil futures price for July delivery in London fell by $5.42 to $94.16 per barrel, a 5.44% decrease.