During the entire last year price of Brent oil continued going down. At the London-based ICE Futures exchange price of October future of Brent dropped by more than 2.55% to $45.56 per barrel. This is a minimum price since March 2009, according to the data of the exchange.
However, during the auctions price of Brent oil dropped to $45.13. Last time this year Brent oil was close to this price on January 13, 2015. On that day Brent oil price went down to $45.19 per 1 barrel.
Last Friday at NYMEX WTI oil price went down to $39.97 per 1 barrel ($40.45 by closure of the exchange). WTI price broke through the $40.00 per barrel price first time since February 24, 2009, according to the exchange.
