Brent oil price fell to a record low in 11 years


Moscow. December 21.The prices for oil imports continue to fall Monday morning in anticipation of rising fuel supplies to the world market, which already faces significant oversupply, reported Bloomberg.

February futures for Brent crude on London’s ICE Futures exchange to 8:12 Moscow time has fallen in price on $0,68 (1,84%) to $36,2 per barrel. Earlier in the course of trading, the price fell to $36,17 per barrel, the lowest intraday level since July 13, 2004.

At the end of trading on Friday, Brent crude fell $0.18 to (up 0.49%), finishing the day at $36,88 per barrel.

Futures prices for WTI crude oil for February in electronic trading on the new York Mercantile exchange (NYMEX) on Monday morning decreased by $0.34 (0.94 per cent) to us $35,72 per barrel, the lowest level since December 2008. According to the results of the previous session, the contract price fell to us $0.21 (0.58%) and amounted to $36,06 per barrel.