The price of a barrel of North Sea Brent fell below $ 33 a barrel amid the stock market crash in China, reports RBC.
As of 10:34 Baku time the cost of a barrel of Brent dropped to $ 32.86 per barrel.
The sharp drop in the cost of Brent has occurred against the collapse of the stock market in the PRC decreased by 4% compared to yesterday's trading that closed at $ 34.23 a barrel.
At the very beginning of the trading the Shanghai Composite Index fell more than 5%, after which the trading was suspended for 15 minutes. However, after the resumption the sharp drop in the stock exchange continued. At around 7.32% the sales were again suspended.
In recent days, Brent crude fell more than 8%, starting its decline from $ 36.64 per barrel.
The oil price had not decreased below 33 dollars per barrel since April 2004. -12D--
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