11/01/2015
Black Gold, the lowest level since 2009
Blackgold, global oilmarketsresumed itsdeclineyesterday, recordedglobalBrent crudecontracts forBrentand USoillowest level sinceApril 2009,closedon theseventhweekly lossin a rowalthough pricesrecoveredfromlowsafter datashoweda sharp declinein the number ofoildrillingrigsoperating inthe United States.
TheinnBrentbelow $49a barrel,butclosed above$ 50,wherethe cohesion ofthis weekafterBaker Hughesoil services companysaidthat the number ofsearching foroildrilling rigsin the United Statesdropped by61this week,the biggest declinein24 years.
Fellfutures priceforBrentsettled85centsto $50.11a barrelafter decliningearlier in thesessionto $48.90.
AsUS crudefell43centstosettle at48.36dollarsa barrel afterearliercame downto $47.16a barrel, and during theweek,US crudelosteightpercent,whileHuiBrentby 11percent.
