Following the close of the stock exchange on November 28, Brent had lost 3.6 percent, or $2 per barrel amid a world glut of oil reserves. The previous record low was set October 8, 2009.
Brent prices further decreased following a November announcement that the China purchasing manufacturers index had decreased to 50.30 from the October level of 50.80.
Oil prices have been falling steadily over the past five months. Prices sharpened their drop after OPEC announcement on November 27 to leave current oil production unchanged, immediately causing the price of Brent crude to fall below $75 per barrel.
Energy exports make up around half of Russia's budget. In November, Russian Ministry of Economic Development said it might be required to revise the budget plan for 2015-2017, which is currently based on an oil price of $100 per barrel.