Crude oil prices continue to fall and shake up the market.
Price pressure increases since the OECD countries’ energy agency IEA cut its forecast for oil demand 2015th
According to new estimates from the IEA, demand for oil approximately 900,000 barrels per day next year. There are 230,000 barrels lower than last previous forecast.
Total estimated oil demand average be at 93.3 million barrels per day next year, compared with current production volume of more than 94 million barrels per day .
The numbers increased downward pressure on crude oil. A futures contract for the supply of American `WTI oil next month, now costs just over $ 59 per barrel, the first listing under 60 dollars since May 2009.
That means a collapse in prices of 44 percent since last June and about 8 percent just in the past week.
The price of Brent crude since June have fallen by 45 per cent to just over $ 63 per barrel, the lowest level since July 2009.
The development strikes particularly heavily on oil-dependent countries such as Russia and Nigeria. Earlier this week, the fall in oil prices has accelerated since data from the US showed that stocks of fuel and oil increases.
The long downhill since last summer is linked to the global economic downturn, which dampens demand, and increased production of so-called shale oil in North America.
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