The price of oil fell below $ 60


The price of oil fell below $ 60

Photo: Getty Images

"Black Gold" fell on Monday

Brent crude in London fell $ 0.71, while the WTI price in New York fell $ 0.42.

World oil prices of benchmarks are falling due to weak reports on the state of the Chinese economy. This is evidenced by trading data on Monday, January 14.

So the March futures price for North Sea Brent oil on the London Stock Exchange ICE Futures at 8:30 p.m. Kiev weather fell by $ 0.71 (1.17%) – to $ 59.77 per barrel

In turn, the cost of WTI crude for February delivery on the New York Mercantile Exchange (NYMEX) fell $ 0.42 (0.81%) to $ 51.17 a barrel.

Recall, following the results of last week, the Brent brand rose 7.6%, and WTI – 9.3% optimistic about the US-China trade talks and the reduction of OPEC fuel supply + .

The nine-day Brent rally was the longest since September 2007 for the WTI – since January 2010.

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