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Oil prices continue to decline

Oil prices December 11, additionally dropped amid reports from the International energy Agency (IEA) on the overflow of oil storage tanks in the world, reported Reuters news Agency.

The price of a barrel of oil Brent for the first time since 2008 fell below $ 39. The price of a barrel of WTI crude oil is approaching $ 36.

Experts believe that in the short term, oil prices will continue to decline and may reach level of 2008.

IEA warns that the return of Iranian oil to the energy market following the lifting of sanctions would contribute to the further prevalence of supply over demand.

However, the Agency believes that in 2016 will be reduced supply of oil from countries outside OPEC.




Oil prices continue to decline 11.12.2015

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