Latest indicators of the price of oil in global market shows further plunge of oil prices worldwide.
The North Sea Brent on Monday dipped below $50 a barrel to $49.29 per barrel. The US curd was set at $47.46 per each barrel and the OPEC crude was trading $45.74 for each barrel.
Following this drop and the heightened tensions in Ukraine which contributed to the worsening of the financial crisis in Russia and the highest fall of Russian Ruble in past 16 years, the Fitch International Credit Evaluator lowered the Russian financial credit.
Fitch which is one of the most recognized international credit evaluators in the world set Russia’s financial credit at BBB level