Oil to its lowest price in five years

Oil prices fell again in New York, Tuesday registering their lowest level in five years, sealed by fears of a rise in US stocks.

Oil stocks in the United States, the first international consumer of oil, are forecast at 387.2 million barrels, according to a Bloomberg survey. The official figures are expected Wednesday.

According to the Energy Information Administration, US stocks rose 13 per cent compared to the five-year average established 343.1 million barrels at this time of the year.

West Texas Intermediate (gross) for February delivery lost six hundred to $ 53.55 per barrel on the New York Mercantile Exchange, are the lowest price since 2008.

Crude fell by $ 1.12 Monday to trade at 53.61 dollars, a level not seen since May 2009, in a financial crisis.

On the ICE Futures in London, Brent crude for February delivery traded at 57.77 dollars a barrel, falling 11 cents. Yesterday, he had lost $ 1.57 to close at 57.88 dollars a barrel.