Oil sank to levels below 55 dollars a barrel oil on the exchange in the U.S., which deepened cheapen its nearly 7 percent for the last day. Quotations made down because of fears that the slowing economy will lead to a decline in demand for raw materials.

Yesterday U.S. data were published MasterCard, according to the consumption of gasoline fell by 4.2 percent in the last week, which is the 29th consecutive weekly decline. Negative impact on sentiment turns and news of slowing the growth of industrial production to China to the lowest rate for the past 7 years, transmit Bloomberg.

Fears of a drop in oil search in 2009 have strong pressure on the price of raw materials, says Victor Shum of Purvin & Gertz Inc.

During the trading session yesterday in the U.S. with oil supply in December rose a less expensive by 5.3 per cent (3.17 dollars) to finish the session at 56.16 dollars on barrel, which is the lowest closing price 29 January 2007 onwards. Subsequently electronic platform of exchange in New York lost more raw material 2.15 percent in Asian trading quoted at 54.95 dollars for barrel oil.

Variety of Brent oil was cheaper by 6 per cent yesterday and closed trading session at the lowest level since January 18, 2007 onwards - to 52.37 dollars barrel oil. At the time the December futures trade which ends today, losing another 2.23 percent in Asian trading session at 51.20 dollars for barrel.

The price of oil continues to fall The price of oil went down again Oil noted weekly decline of nearly 10 percent. Limited fall in prices of raw materials Possible regulation of markets for raw materials in U.S. Oil leaps to 5 percent, gold also rose up Indexes in the U.S. went to increase. Sales of new homes in the U.S. with unexpected rise in September U.S. market shares and Election Stock exchanges in Russia with great growth today Again weak data in the U.S. press in Exchange indexes down UK interest rates at low levels for the past 57 years Asian indexes increased up to today’s session Executive Director of Internet company Yahoo is leaving his post Exchanges in Asia registered the most serious sessions in its history Significant growth of exchanges in Europe Russian billionaire lost 230 billion dollars since the beginning of the crisis Most indexes in Europe decreased due to the bankruptcy of Washington Mutual Investment and investitions in Russian business and market Car manufacturers in China seek government assistance The crisis of capital markets in the U.S. continues Bank of America buys Merrill Lynch for 50 billion dollars U.S. automotive manufacturers can benefit from financial Rescue Plan Real estate funds in Asia has 10 billion dollars unused capital It is expected that 1.2 million homes in Britain can cost less than their mortgage The U.S. Federal Reserve provide 800 billion dollars to encourage lending