For the first time in the last 5 years, the price of oil fell below $ 50 a barrel. At the auction in the US futures price was $ 49.95, as evidence of excess production of this natural resource. The truth will soon rose again and exceeded the mark of $ 50.
In the early afternoon trading WTI crude oil fell $ 2.29, or 4.3% to 50.40 dollars per barrel. Six months ago, oil was $ 107 per barrel.
Brent, the Which is the global benchmark for oil prices in many US refineries decreased by $ 3, or 3.4%, to 53.37 dollars, reports New York Post .
Recall on the eve of “black gold” Brent crude fell $ 0.88 to $ 55.54 per barrel. Futures price for WTI crude oil dropped by this time to $ 51.72 per barrel.
The OPEC countries are counting down to the moment when their current competitors – offshore US oil companies – will be closed. American developers from bankruptcy saves while only hedge – insurance against falling prices.
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