According to him, since the production of all commodities, to one degree or another, energy intensive, reduction of oil prices will lead to lower prices for these products, ranging from gas and including copper, steel and agricultural products. The downside of oil price fall is a risk of deflation in the Euro zone, which will lead to slower economic growth.

According to the analyst, who responded by e-mail on questions from Bloomberg, based on the closing price from October, 15, daily savings from cheap oil reaches $1.8 billion on Brent, which closed in London at $83.78 per barrel. In Citigroup believe that these prices are 20% lower than the average price of oil over the past three years. Taking that, on October 16, at Mercantile Exchange ICE Futures Europe, November Brent futures fell down to $82.72 per barrel, but then began to rise.

Morse noted that the decline in oil prices leads to a reduction in cost of production of commodities. As a result, consumers have more funds available for additional expenditures, and companies- to expand their businesses.

The analyst explained to the news agency that since the production of all commodities is to one degree or another energy-intensive, the fall in oil prices leads to lower prices for these products, ranging from gas and ending with copper, steel and agricultural products.

The publication also notes that index of market commodities Bloomberg fell to five-year low since July 2008. Low rates will persist for copper, natural gas, coal and iron ore. The analyst of Sucden Financial Ltd, London Office, Mirto Sokoe said to Bloomberg that in his opinion cheap oil has favorable affect on both, consumers and the industry, especially before winter.