Price of a barrel of Brent oil falls below $ sixty
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Price of a barrel of Brent oil falls below $ sixty
Admin Tue Dec 16, 2014 7:29 am
Tuesday 16 December 2014 14:02
Alsumaria News / Baghdad
Brent crude fell for the first time since July 2009, about sixty dollars per barrel in early European trading on Tuesday (16 December 2014) with a 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 the Petroleum Exporting Countries reluctant ( OPEC ) on reducing production to support prices.
The industrial sector showed a contraction in China's data for the first time in seven months that enhances data indicate more than doubled in the second largest economy in the world most affected by oil prices.
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 to 17 percent on Monday in an effort to stop the erosion of the ruble.
In India, the Reserve Bank intervention to support the rupee in recent sessions, while the Indonesian rupiah fell to its lowest level in 16 years against the dollar.
http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://www.alsumaria.tv/news/119129/%25D8%25B3%25D8%25B9%25D8%25B1-%25D8%25A8%25D8%25B1%25D9%2585%25D9%258A%25D9%2584-%25D9%2586%25D9%2581%25D8%25B7-%25D8%25A8%25D8%25B1%25D9%2586%25D8%25AA-%25D9%258A%25D9%2587%25D8%25A8%25D8%25B7-%25D8%25A7%25D9%2584%25D9%2589-%25D9%2585%25D8%25A7-%25D8%25AF%25D9%2588%25D9%2586-%25D8%25B3%25D8%25AA%25D9%258A%25D9%2586/ar&usg=ALkJrhiYENLkRoe68iSbh4MxXklg8wW4xg
Alsumaria News / Baghdad
Brent crude fell for the first time since July 2009, about sixty dollars per barrel in early European trading on Tuesday (16 December 2014) with a 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 the Petroleum Exporting Countries reluctant ( OPEC ) on reducing production to support prices.
The industrial sector showed a contraction in China's data for the first time in seven months that enhances data indicate more than doubled in the second largest economy in the world most affected by oil prices.
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 to 17 percent on Monday in an effort to stop the erosion of the ruble.
In India, the Reserve Bank intervention to support the rupee in recent sessions, while the Indonesian rupiah fell to its lowest level in 16 years against the dollar.
http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://www.alsumaria.tv/news/119129/%25D8%25B3%25D8%25B9%25D8%25B1-%25D8%25A8%25D8%25B1%25D9%2585%25D9%258A%25D9%2584-%25D9%2586%25D9%2581%25D8%25B7-%25D8%25A8%25D8%25B1%25D9%2586%25D8%25AA-%25D9%258A%25D9%2587%25D8%25A8%25D8%25B7-%25D8%25A7%25D9%2584%25D9%2589-%25D9%2585%25D8%25A7-%25D8%25AF%25D9%2588%25D9%2586-%25D8%25B3%25D8%25AA%25D9%258A%25D9%2586/ar&usg=ALkJrhiYENLkRoe68iSbh4MxXklg8wW4xg
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