The price of oil Brent for the first time fell below $55 for the first time since September 2017

On the global markets resumed the decline in prices for “black gold”.

Oil prices, which rose by results of trades on December 19, went back down. In the course of trading on 20 December, the price of a barrel of Brent oil for the first time in more than a year fell below $55. At a minimum, the price dropped to $54,66, which is 4.5% or $2,58 below the closing level of the previous trading session. The last time below $55 price of a barrel of Brent fell 19 September 2017, according to RBC.

Similar dynamics demonstrated and the price of WTI. In the course of trading on 20 December the price of a barrel of WTI fell to $45,83 by 4.85% below the closing level of the previous trading session.

On the eve of the December 19 auction of oil on world markets closed with slight growth, breaking which lasted for three days fall. However, the modest increase was possible only partially to compensate for the collapse on 18 December when the price of a barrel of Brent fell by 5.6%, while the barrel of WTI — from 7.3%.

CNBC then, citing analysts predicted that in the coming weeks, oil prices will continue to decline due to the increasing concerns of players about the overabundance of raw materials on the market.

“The only way is down”, — quotes CNBC Tamas Varga, a senior analyst at PVM Oil Associates. In a research note Varga notes that oil bulls reason for optimism.

12:15 MSK cost of a barrel of Brent crude has corrected to $55,3, the barrel of WTI is $46,3.

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