Tue, 13 Jan 2015 14:27:05 GMT
Oil falls below $45 amid speculation on stockpiles
Oil continued to fall, breaching the $45 per barrel level, due to speculation that US stockpiles will rise, aggravating global supply glut, which drove prices to the lowest point in more than five and a half years. Oil futures declined 4%, declining for three consecutive days, as OPEC continues to expand output. During 2014 oil slid approximately 50%, the highest