The price of crude oil is still in the path the decline. Brent crude oil prices reached the lowest level in more than 11 years on Monday, while the price of crude oil WTI near the lowest position seven years, as signs that the swelling global supply appear to exceed the request next year.
World oil production is running near record highs and ready to enter the market from countries like Iran and Libya, crude oil prices are determined to achieve the largest percentage decline in seven years monthly.
The price of WTI crude oil for January delivery at the close of trading Tuesday nightfall (22/12) closed up 1 cents, or 0.03 percent, at 34,74 dollars per barrel.
While the price of Brent oil futures fell 68 cents on 36,20 dollars per barrel, after falling as much as 2 percent during the session low on 36,04 dollars per barrel, the lowest since July 2004.
Brent crude was down nearly 19 percent this month, the steepest decline since October 2008.
Heating oil futures fell to the lowest level since July 2004 with weather conditions in the U.S. and Europe is estimated to warmer than expected until the end of the year.
While consumers enjoy the price of fuel is lower, richest oil exporters in the world have been forced to their currency merevaluasi, sell assets and even the debt issued for the first time in a few years because they are struggling to improve their finances.
OPEC, led by Saudi Arabia, will remain with the policy of his years of compensation for a lower prices with higher production and does not show signs of shaken, despite the lower prices that pressing members that more musk would either offer you free of charge
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