The price of oil fell below 110 dollars per barrel Brent futures in January on the London Ice Exchange fell by more than 3% compared to the close of the previous trade. December WTI oil on the New York Mercantile Exchange lost 3.5% in price, the cost per barrel is now 100 dollars 51 cents. Experts point out that the quotes are falling against the background of hopes for the end of the conflict in the Middle East.