Oil prices have dropped by more than eight percent

In the London Stock Exchange, the price for an oil bar last week has dropped by 8.5 percent to $62,80, which is the lowest December 13th. On the New York Stock Exchange, however, an oil barel was released for 9.5 percent, on $59.20, which is the lowest of December 22nd.

For this reason now, the prices of the black “ ” are in the minus of about 11 percent compared to all its levels this year, reached in late January.

After such a severe drop in the market, there can never be just one cause. It's more of them”, said Jim Ritterbush, chairman of the company “Ritterbush and collaborators”.

Oil prices are under pressure because of the severe decline in stock value in world stock exchanges, caused by investor fears of rising inflation and interest rates.

Because of this, stock prices last week have dropped by more than five percent, which hit other major world stock exchanges. This also reduced the tendency of investors to risk, which has been negatively expressed in the derivative market.