Crude oil collapsed to $ 35 a barrel, is expected to drop to 30 today trades on exchanges in Europe and the USA are not held in conjunction with the celebration of Catholic Christmas.Commercial inventories of petroleum products in the U.S. rose more than expected. The price of oil collapsed after the release of these statistics by 9%. The cost of the February futures for WTI on the New York Mercantile Exchange (NYMEX) on Wednesday fell by 3.63 dollar - up to 35.35 dollars per barrel. As stated in a weekly report of U.S. Department of Energy, inventory of gasoline in the week from 13 to 19 December increased by 3.34 million barrels and accounted for 207,295 million barrels. Commercial stocks of distillates increased by 1.81 million barrels, reaching 135,337 million barrels. Experts had expected gasoline stockpiles improve - by 750 thousand barrels, distillates - by 700 thousand barrels. Increased fuel said the fall in demand due to recession in the U.S. economy. Analysts predict a possible decline in the value of oil to 30 dollars per barrel before the end of 2008. STOCK QUOTE February futures on Russian oil Rebco brand in the electronic system CME Globex (NYMEX) on 24 December fell 3.52 to the dollar and reached 33.46 dollars per barrel. At the London ICE Futures Exchange futures price for Brent oil for February fell by 3.75 dollar - up to 36.61 dollars per barrel, said a Russian TV channel News referring to the agency Bloomberg.
