New drop in oil prices

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Oil prices fell on Monday, after he said oil exploration companies in the United States excavators to search for a new production at a time when oil producers adapt to the falling oil price. The price of futures contracts for Brent crude to $ 47.58 a barrel at 00:41 GMT, down 43 cents or 0.9 percent from its price at the last close. The decline in the price of futures contracts for WTI US mediator 50 cents, or 1.1 percent, to $ 45.38 a barrel. Traders said the fall in oil price was due to increased drilling activity for oil operations in the United States, which indicates that producers can operate profitably within the scope of the current price levels