Oil Prices Reach 36 U.S. Dollar

World oil prices reached 36 U.S. dollars per barrel, Friday (19/12) or the lowest point in the four subsequent statement that OPEC cutting production is unable to raise the price of oil. Trade in New York, oil for delivery of light sweet January increased a few cents from 36.26 dollars per barrel from 36.04 dollars per opening barrel. Crude oil contract Thursday (18/12) to achieve this kind of lowest point since July 2004 with 36.22 dollars per barrel during trading on Thursday. Similarly, the oil of Brent North Sea for delivery in February and diminished to survive 2.17 dollars per barrel at 43.36. Pelambatan economic glonal fear and decrease demand for more energy to make the price of oil from the highest exchange 147 dollars per barrel in July. To raise prices, OPEC, which supply 40 percent of the world's oil needs and agreed on Wednesday cut their production by 2.2 million barrels per day, or 7 percent of the total production cartel. Cutting it was the third time in three months and the largest reduction since the cartel reduce production in 1982. Before cutting, the OPEC target of 27.3 per day million barrels per day.