https://sputnikglobe.com/20160725/oil-prices-fall-brent-1043609007.html

Oil Prices Fall to Two-Month Low With Brent Crude Below $45 per Barrel

Sputnik International

Global oil prices on Monday accelerated decline amid growing fears of continued oversupply of the raw material on the market with Brent crude falling below $45... 25.07.2016, Sputnik International

2016-07-25T18:20+0000

https://cdn1.img.sputnikglobe.com/img/103898/77/1038987738_0:94:1024:673_1920x0_80_0_0_cbc11575f77f827b59998215d8e198e2.jpg

Sputnik International

feedback@sputniknews.com

+74956456601

MIA „Rossiya Segodnya“

252

2016

Sputnik International

feedback@sputniknews.com

+74956456601

MIA „Rossiya Segodnya“

252

News

en_EN

Sputnik International

feedback@sputniknews.com

+74956456601

MIA „Rossiya Segodnya“

252

1920

1080

true

1920

1440

true

https://cdn1.img.sputnikglobe.com/img/103898/77/1038987738_0:62:1024:705_1920x0_80_0_0_68f3958da5669b46f5b15468a330e195.jpg

1920

true

Sputnik International

feedback@sputniknews.com

+74956456601

MIA „Rossiya Segodnya“

252

Sputnik International

business, newsfeed, oil in turmoil, brent, wti

Oil Prices Fall to Two-Month Low With Brent Crude Below $45 per Barrel

18:20 GMT 25.07.2016

Global oil prices on Monday accelerated decline amid growing fears of continued oversupply of the raw material on the market with Brent crude falling below $45 per barrel for the first time since May 11.

Khaled al Otaiby, an official of the Saudi oil company Aramco watches progress at a rig at the al-Howta oil field. - Sputnik International

Oil Prices Slump Amid Bloated Inventories Reviving Fears of a New Crash

23 July 2016, 23:05 GMT

MOSCOW (Sputnik) — By 17:30 GMT, the Brent crude prices recovered by a little margin since its lowest point earlier in the day, reaching $45.10 per barrel, while WTI prices reached $43.09 per barrel.

Global oversupply and stagnating demand have caused oil prices to plunge from $115 per barrel in June 2014 to less than $30 per barrel in January 2016. Prices recovered amid output outages and growing demand in May, reaching a peak of over $ 50 per barrel in early June.