The price of Brent oil declined on Monday for another 2%


Moscow. January 11. Oil, base metals are falling Monday amid new concerns about the prospects of the Chinese economy, the gold price rose to a high of almost two months.

The price of futures for Brent crude by 8:00 Moscow time has fallen on London’s ICE Futures exchange on 2,15%, to $32,83 per barrel. Earlier in the course of trading, the contract dropped to $of 32.64 per barrel, reports Bloomberg. On Friday the prices closed at the lowest since 2004.

With WTI for February delivery in electronic trading on the new York Mercantile exchange (NYMEX) decreased by this time by 1.9% to $32,53 per barrel, in the course of trading fell to $32,33.

Investors expect further reduction of prices, analysts said. On Monday it became known about reduction of prices of manufacturers in China, which complements the picture of a weakening Chinese economy.

Copper weakened on Monday in Shanghai by 1.5% to $4416 per ton, minimum for six years. Nickel fell 2.7% to $8330 per ton.

At the same time, gold for immediate delivery rose 0.4% to $1108,65 per Troy ounce, nearly reaching a two-month high.