Fri, 12 Dec 2014 14:25:05 GMT
Oil slips beneath $63
Brent crude oil dipped under $63 today, the lowest level since the summer of 2009. Among the quoted reasons are oversupply of the commodity and dim prospects for demand recovery in the future. During this week the price has already given up 9%, while during the last six months the decline amounts to as much as 45%.