Oil finished the week near 12-year lows
Auction punchmark benchmark grade of Brent oil in the first week of 2016 ended at around 33 cents in the dollar 30 per barrel, the U.S. benchmark WT² even cheaper – $ 32 88 cents. It is reported . At such a low level the last time oil closed the week almost 12 years ago – in April 2004. It was in 2004, began a sharp growth of quotations of oil in the summer of 2008 ended at the level of 147 dollars per barrel. Then there was a sharp collapse – to less than $ 40 in early 2009, but then drop quickly stopped, and from the beginning of 2011 until almost the end of 2014 the price of a barrel exceeded $ 100. Now analysts are talking about the end of "commodities super cycle" et’link this with the development of alternative energy sources, as well as the progress of technology in the oil industry, which allowed, in particular, the production of shale oil. Some specialists interviewed by the Agency Bloomberg believes that the next trading week the price of oil could fall to $ 30 per barrel or below. The price of oil greatly affects the economic healthy’I-countries dependent on energy exports, particularly Russia.Ïåðåâåäåíî ñåðâèñîì "ßíäåêñ.Ïåðåâîä÷èê": translate.yandex.ru.
Source: http://uzinform.com.ua/
