The price of oil continues to fall
Brent crude oil fell again in price. Today it dropped to 55,54 dollars per barrel, which is the percentage amounted to 1.56 percent.
Recall that in November of 2014, despite the collapse of oil prices, OPEC decided to reduce the quota for oil production. Experts point to the high demand and constant steady demand for oil. They predict that the demand in 2015 will fall from AZ state of the economies of China, Japan and Europe. Quite likely that the price of 50-55 per barrel will last the entire first quarter of the current year.
*Bbl means barrel and is equal to 159 litres.
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