Oil hit a six-year low

Oil hit a six-year low

Oil prices fell over half since June, when the price is at the level of US $ 110 / barrel.

Brent crude oil prices fell in the lowest level in six years.

The price of a barrel of North Sea benchmark fell 2.6% to US $ 48.74, which is the lowest level since April 2009.

US crude oil also is at its lowest level since then, down 2.3% at US $ 47.25 / barrel.

In the UK, the price of fuel is cut due to lower prices and one of a chain of stores that also sell fuel, Asda, again lower the price of 2 pence / liter to 103.7 pence or £ 1.037

While the price of diesel will be at 110.7 pence. Both of these rates well above 99 pence, the price set gas station in Birmingham.

While an investment company drastically cut Brent crude oil price forecasts for three months from US $ 80 to US $ 42.

Goldman Sachs said that the price will remain in the range of US $ 40 in the first part of this year, at a price which is a position which according to the company can sustain investment in shale gas industry -which explored from underground and bebatuan- United States.

Oil prices fell over half since June, when the price is at the level of US $ 110 / barrel. (BBC)