Oil fell in price lowest in 11 years

Oil drops bellow $35 per barrel, level not seen in a decade since 2004.

Censor.NET reports citing UNIAN.

According to Bloomberg, Brent futures fell $2.19 to settle at $34.23 a barrel. Earlier, it fell to as low as $34.13, its lowest level since the start of July 2004.

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The benchmark U.S. crude, West Texas Intermediate, fell $2 a barrel to close at $33.97, down 5.6.%, to the lowest price level since 2004.