Brent oil price fell below $ 37 per barrel

Brent oil continued to cheaper on Monday - in the afternoon its price fell below 37 dollars per barrel. This is evidenced by Forex market data.

At about 11:30 in Moscow, Brent Brent traded almost $ 38; In the next two hours, its cost ranged at 37.5 dollars. However, after 14 hours of Moscow time, the price of oil went dramatically down, within half an hour, falling to the mark of a slightly more than $ 36.6. Then the cost of Brent rose slightly, but as of 14:50 Monday, it did not exceed the mark of $ 36.8.

Accordingly, the price of Brent prices rose sharply the dollar and euro rates. The dollar exchange rate in an incomplete hour rose by almost 40 kopecks, exceeding 70.8 rubles, the euro rate for the same period added 50-60 kopecks and at one time exceeded 77.8 rubles.

In recent days, the cost of Brent is rapidly reduced. Last Tuesday, for the first time since the beginning of 2009, it fell below $ 40 per barrel, and on Friday for the first time since the end of 2008, its price was less than $ 38.

On Saturday, the head of the Ministry of Finance Anton Siluanov said that in the New Year the demand for oil would continue to decline, so in some periods the price of a barrel of Brent will be less than $ 30 . The official called the iconic cost of the oil cost to the world market in Iran after lifting the sanctions from him, as well as the absence of a coordinated policy of OPEC member countries.

“We need to prepare for the times difficult for us,” the minister concluded. Siluanov recalled that the budget of Russia for 2016 was made up with the calculation that the price of Brent will be $ 50 per barrel.