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 Brent oil slumps below $37 per barrel first since 2008

Brent crude oil futures for January decreased by 2% to $36.98 per barrel at the ICE Futures Exchange falling to a record minimum of $37 for the first time since Dec. 2008.

Censor.NET reports citing Gazeta.ru.

In addition, WTI futures fell by 1.5% to $ 34.94 per barrel for the first time since Feb. 2009, hitting the mark of $35 per barrel.

The meeting of OPEC of Dec. 4 has accelerated the fall of the oil prices. Following the meeting, it was decided not to increase the quota for oil production and keep it at the level of 30 million barrels per day.

Read more: Oil prices close to 2015 low upon OPEC decision

The ruble also depreciated against the background of falling oil. Thus, the dollar rose to the level of 70.785 rubles, which is 38 cents higher than at the opening of the morning trading. The euro went up to 77.736 rubles, having appreciated by 54 kopecks.

 
 
 
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