. the price of oil will fall much, if "release" prey, giving countries to fully apply your own potential, said the head of Ministry of energy of Russia Alexander Novak. the head of the Ministry said that in General for Russian organizations, the level of oil prices is not so important as for part of the countries participating in the agreement of OPEC . In this example, help low cost of oil production and relatively weak exchange rate. "Another thing is that in General for the economy, the budget low cost creates additional challenges. A sharp drop in prices could affect the exchange rate, to influence inflation, uncertainty in the economy and hinder planning ", - noticed Novak. at the auction on the first day of the week, the International price of oil collapsed by more than five per cent. At 21: 25 Moscow time the price of the March futures for oil Brent has decreased by 5, 7%, 50, 72 dollars per barrel. So low its Price fell from July 13, 2017. The cost of February futures for oil WTI were down to 6, 32% to 42, 7 dollars per barrel. Investors reacted to the reduction as an American, and thus global stock market on the background of the situation with the US budget. The government of the state is not completely stopped work on December 22 due to the fact that the Congress did not manage to agree on a new budget. 7 December OPEC States agreed on the total reduction of oil production by 1, 2 million barrels per day. This is a contract for six months - until July 2019. From the specified amount of 800 thousand barrels falls on OPEC States and 400 thousand - to countries outside the cartel. Russia has agreed to minimize the production of 228 thousand barrels per day. Investors doubt the productivity of this order on the balancing market. Analysts at JBC Energy, whose opinion results in The wall Street Journal, believe that OPEC States in the first part of 2019 will be extracted to 760 thousand barrels per day more compared with the first half of 2018. OPEC production will increase by 170 thousand barrels per day compared with the same period last year, mainly due to Russia, according to experts. <span style="color:darkgray