Cost of barrel of oil fell back below $ 35.

The price of WTI crude oil brands fell below 35 dollars at the auction on 12 February at the New York commodity exchange (NYMEX). By 18:55 Moscow time, the cost of barrel of oil dropped by 1.04 dollars to 34.9 dollars. Barrel of Oil North Sea Brent, which is pegged to the price of Russian oil Urals, by contrast, went up by 0.04 dollars to 45.36 dollars.
Cost of barrel of oil is thus reduced to a minimum for the last three weeks, said Bloomberg. In total, since the beginning of the year oil cheaper by 20 percent, and over the last year - by 62 percent.
The decline in oil prices due to increased information on stocks of raw materials in the United States. On 11 February it became known that the week they have grown on 4,7 million barrels.
Because of the global economic crisis, sharply reduce demand for commodities by the end of last year, oil prices collapsed to 33 dollars - a minimum of five years. In mid-2008 price barrel rose to a record 147 dollars a barrel.