Russian oil in 2015 has fallen in half

The average price for the Urals brand barrels last year amounted to $ 51.23, TASS reports with reference to the leading expert of the Department of Tax and Customs Tariff Policy of the Ministry of Finance Alexander Sakovich.

The interlocutor drew attention to the fact that this indicator was higher than the 2015 budget of $ 50.

In December 2015, the average Urals price amounted to 36.42 dollars per barrel, and in November - $ 42.11, so in December it decreased by 13.5%.

In December 2014, Urals cost, on average, 61.07 dollars per barrel. In 2014, the average price for Urals was $ 97.6 per barrel.

Oil Brent brand, from the cost of which the cost of Urals is calculated, continued to lose price at auction on Monday. First, she returned to the level of 33.04 dollars per barrel, reducing the fall by 1.4%, but then she fell again, once again updating the minimum values ​​since 2004.

According to Bloomberg , the cost of February Brent oil futures on the ICE Futures London Exchange by 14:00 in Moscow decreased by $ 0.7 (2.09%) to $ 32.85 per barrel. The price of the futures for US oil WTI for February at electronic trading in the New York commodity exchange decreased by $ 0.6 (1.81%) to $ 32.56 per barrel.

Meanwhile, Western analysts believe that oil in 20016 can collapse by another 10–25%if the American currency gets stronger by 5%. According to Bloomberg, such an opinion is contained in the new analytical note by experts of Morgan Stanley Bank. The document says that up to $ 60, oil fell due to its oversupply, but it is obliged to be a further decrease in $ 35 mainly to the American currency. “Given the ongoing strengthening of the American dollar, scenarios with oil price $ 20–25 are possible, which will happen exclusively thanks to the US dollar and non -functional factors,” Morgan Stanley notes.