Oil prices dropped to unprecedented low levels over the past 7 years

Oil prices dropped to unprecedented low levels over the past 7 years

8:10 AM
The price of oil on the international market have dropped to the lowest period last 7 years a drop of only 37 US dollars per 1 barrel equals 120 liters. According to the CNN, published on December 8, 2015, yesterday.

The drop in demand for oil lost 2/3 after oil prices jumped to the top in June by 2014, the price per barrel to US $ 108. 2 reason that makes weaker oil prices was due to Saudi Arabia and its partners around the Gulf that can produce oil price and on the other hand cheap as Nigeria, Venezuela and other countries want oil prices to boost its economy.

The 1st and the price of oil dropped to the lowest level.


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