The price of a barrel of Brent crude oil fell below $30 for the first time since 2004

The price of a barrel of Brent crude oil fell below $30 for the first time since 2004


LONDON, January 13. The cost of futures for oil of mark Brent with delivery in February 2016 on the stock exchange ICE in London fell by 3.2%, to $29,99 per barrel for the first time since April 2004. This is evidenced by data exchange.

The price of oil resumed its decline after the publication of data on oil reserves in the United States. Commercial oil reserves in the U.S. increased during the week (from 1 to 8 January) 0.28 million barrels to 482,60 million barrels.

In accordance with the short-term forecast of the U.S. Department of energy (EIA), the average price for oil grade Brent in 2016 will be $40 per barrel, and in 2017 will rise to $50 per barrel.

The dollar against the ruble on the Moscow stock exchange was 76.6 rubles, the Euro against the ruble – RUB 83,2

Infographics


Prices for Brent crude and the dollar

Prices for Brent crude and the dollar. Infographics