Oil falls to $ 36 for the first time in more than 11 years

December 21, 2015 11:00

Falling price of a barrel of oil Bryant under the $ 36 level for the first time in more than 11 years.
Is this decline comes as a result of renewed fears of an oversupply of oil in the world markets with production around the world remain at or near record high levels in addition to the approaching entry of new oil supplies from Iran and the United States market.
And it landed contracts for Brent futures prices to $ 36.32 a barrel during trading took place at about 0001 GMT, the weakest level since 2008, before rising slightly to 36.49 a barrel by 0203 GMT.
Contracts WTI prices also fell mediator 20 cents to $ 34.53 a barrel and near the low level hit on Friday, which was the lowest level reached in 2015.