New York, USA .- prices oil in the United States fell on Friday to below $ 40 a barrel for the first time since the financial crisis of 2009.
The New York contract ended down 2 percent on signs of excess supply in the US and a weak manufacturing data from China, also completing its longest losing streak in nearly three decades.
Crude for October in the United States ended down $ 0.87, or 2.1 percent, to $ 40.45 a barrel, having earlier reached a new low of six years and average 39.86 dollars per barrel. The index has fallen 33 percent in eight consecutive weeks of losses, the biggest losing streak since 1986.
The Brent ended down $ 1.16, or 2.5 percent, to $ 45.46 a barrel . The contract hit a low of $ 45.07, threatening to break the $ 45 level for the first time since March 2009.
The US crude fell below $ 40 after weekly data showed that oil in that country totaled two platforms last week, the fifth consecutive increase. The increase in the number of platforms after a second quarter of low prices is adding to concerns that production of US shale is slowly reacting to the fall of oil, which would prolong the oversupply.
Energy markets fell earlier after news that activity in the manufacturing sector in China shrank at its fastest pace in nearly six and a half years in August due to weak domestic demand and exports, in addition to a lower consumption of oil in the second largest consumer of oil .
Although the current collapse of oil prices, the second this year, has triggered alarm within OPEC, including some members of the Persian Gulf, there is no indication that will reverse its policy of maintaining production to defend its market share, they told Reuters this week some delegates.
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