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Price of a barrel «OPEC» continues to fall towards $ 56
Vienna / EFE
Continued price per barrel of crude oil basket "OPEC" big decline in trading on Monday, where he arrived to $ 57.92. And announced that "the General Secretariat of the Organization of Petroleum Exporting Countries' (OPEC) in its statement yesterday (Tuesday) that the price of its product basket which includes 12 types of crude oil, decreased by 1.23 percent compared to Monday close of the previous session.
And after a slight rise in the beginning of December (December) this month, and continued price per barrel of "black gold" for "OPEC" the pace of decline, and the accumulated loss of more than ten dollars. Since the start of his tendency to decline in late June (last June), lost the price of a barrel, "OPEC" Total of $ 52.56.
In a related context, Brent crude down more than a dollar and fell below $ 60 a barrel for the first time since July 2009 in early European trading yesterday (Tuesday), with the slowdown in industrial activity in China. Oil fell in futures contracts for about half since June, amid increased production and weak demand while the Organization of Petroleum Exporting Countries "OPEC" reluctant to cut production to support prices.
The industrial sector showed a contraction in China's data for the first time in seven months in December (December), which enhances data indicate more than doubled in the second largest economy in the world most affected by oil prices. The inn Brent December (for January delivery) to $ 59.75 a barrel at 07:50 GMT, down to $ 1.31 a barrel. US crude fell to $ 54.85 and lost of $ 1.06.
Analysts say the weakness of emerging markets and falling currencies enhances the downward trend in oil prices. In Russia, the central bank raised its benchmark interest rate 6.5 percentage points to 17 percent on Monday in a bid to halt the erosion of the ruble. In India, the Reserve Bank intervention to support the rupee in recent sessions and the Indonesian rupiah fell to its lowest level in 16 years against the dollar.
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Vienna / EFE
Continued price per barrel of crude oil basket "OPEC" big decline in trading on Monday, where he arrived to $ 57.92. And announced that "the General Secretariat of the Organization of Petroleum Exporting Countries' (OPEC) in its statement yesterday (Tuesday) that the price of its product basket which includes 12 types of crude oil, decreased by 1.23 percent compared to Monday close of the previous session.
And after a slight rise in the beginning of December (December) this month, and continued price per barrel of "black gold" for "OPEC" the pace of decline, and the accumulated loss of more than ten dollars. Since the start of his tendency to decline in late June (last June), lost the price of a barrel, "OPEC" Total of $ 52.56.
In a related context, Brent crude down more than a dollar and fell below $ 60 a barrel for the first time since July 2009 in early European trading yesterday (Tuesday), with the slowdown in industrial activity in China. Oil fell in futures contracts for about half since June, amid increased production and weak demand while the Organization of Petroleum Exporting Countries "OPEC" reluctant to cut production to support prices.
The industrial sector showed a contraction in China's data for the first time in seven months in December (December), which enhances data indicate more than doubled in the second largest economy in the world most affected by oil prices. The inn Brent December (for January delivery) to $ 59.75 a barrel at 07:50 GMT, down to $ 1.31 a barrel. US crude fell to $ 54.85 and lost of $ 1.06.
Analysts say the weakness of emerging markets and falling currencies enhances the downward trend in oil prices. In Russia, the central bank raised its benchmark interest rate 6.5 percentage points to 17 percent on Monday in a bid to halt the erosion of the ruble. In India, the Reserve Bank intervention to support the rupee in recent sessions and the Indonesian rupiah fell to its lowest level in 16 years against the dollar.
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