Urgent Brent drops to $ 49 at the lowest level in six months

History of edits:: 03/08/2015 fifty past eight p.m.

Oil prices fell on Monday to its lowest level in six months due to new evidence of the growing oversupply and investors bet on lower prices and slowing demand in China, sending crude prices towards the weakest performance in the third of the year a quarter since 2008 financial crisis .

The inn Brent crude $ 2.45 to $ 49.77 a barrel at 17:47 GMT.

The lack of a plan for OPEC to make room for an increase Iran's production to fueling concerns about supply supply, where Iranian Oil Minister Bijan Zanganeh said that his country expects that oil production rise by 500 thousand barrels per day as soon as the lifting of sanctions and by one million barrels within Ochehr.anthy