Falling oil prices to $ 35 a barrel, with the slowdown in Asian economies

Oil prices fell in the early hours of Monday morning after China and South Korea recorded a surprisingly weak economic data and fears that because of the possibility of the leading exporters of crude oil to cut production coordinator is difficult to achieve, it seems. 

The price of Brent crude to the nearest month to $ 35.54 a barrel by the time maturity of 0157 GMT, down 45 cents or 1.25 percent from the last price at closing.

And it dropped the price of West Texas Intermediate crude 35 cents to $ 33.27 a barrel.

Shrank activity in the manufacturing sector in China at the fastest pace in almost three and a half years in January, lagging market expectations.

And record the official PMI 49.4 in January compared to 49.7 in the last month and less than the fifty-point limit that separates growth from contraction on a monthly basis. It was the weakest reading for the index since August 2012. Analysts had the Reuters poll were expecting record 49.6.

In South Korea, exports recorded an annual decline of 18.5 percent to $ 36.7 billion, down from the levels recorded last time at the height of the global financial crisis in 2009.

The data from China and South Korea the latest indicators for the acceleration of the slowdown in the largest economies of Asia.

At the same time, the prospects for a senior OPEC oil exporters such as Russia and the process of reducing production coordinator difficult to achieve due to disagreements among these producers appeared.

Iran is also a member of OPEC, which allowed it in the past month to return fully to the market after the sanctions lasted years is ready to participate in any Tkhvadhat.anthy 



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