Monday, 14 December, the price of WTI crude oil fell below $35 per barrel (for the first time since February 2009), RIA Novosti reported.
The cost of futures for oil of mark Brent with delivery in January 2016 on the stock exchange ICE in London fell by 2% to 36,98 per barrel, falling below $37 a barrel for the first time since December 2008, reports TASS.
Experts believe that in the short term, oil prices will continue to decline.
The international energy Agency (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.