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Oil fell below 30 dollars a barrel

This has not happened since June 2004.

12.Jan.16 7:55 AM
By Andrey Shulga


Oil fell below 30 dollars a barrel
January 11 was marked by another sharp drop in oil prices. "Black gold" was worth less than 30 dollars per barrel. It is reported by Thomson Reuters.

On Monday, the price of Urals crude oil fell below the psychological mark of $ 30. One barrel of this variety of "black gold" can be purchased for 29.2 per dollar. Compared to previous tenders Urals crude declined 3.6%.

Next is Brent crude oil. The cost of this brand of oil was less than the price of North American WTI. On London's ICE Futures exchange price of a barrel of Brent is $ 31,49 USD. From past trades, the fall in the value of North sea oil was 5.46%, since the beginning of 2016, Brent prices dropped by 12%.

The North American WTI today you can buy for the price 31,75 USD per barrel. Its value fell by 4,19%. Experts believe that such a sharp drop in the value of all grades of oil associated with the collapse of the stock market in China.

We will remind, the Russian government has shaped the country's budget for 2016 is based on the cost of oil at level 50 dollars for barrel.

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