Benchmark Brent
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Tumbling Oil Trades Below $30 A Barrel For First Time In 12 Years
Oil fell briefly below the widely watched $30-per-barrel level on Tuesday, extending a selloff that has sliced almost 20 per cent off prices this year amid deepening concerns about fragile Chinese demand and the absence of output restraint.
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Brent Crude Drops Over 3% as China Slowdown Weighs
Brent crude oil fell over 3 per cent on Monday as China's economic slowdown dented the outlook for demand, with traders placing record bets on even lower prices as they increasingly lose faith in a significant market recovery.
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Tumbling Oil Trades Below $30 A Barrel For First Time In 12 Years
Oil fell briefly below the widely watched $30-per-barrel level on Tuesday, extending a selloff that has sliced almost 20 per cent off prices this year amid deepening concerns about fragile Chinese demand and the absence of output restraint.
-
Brent Crude Drops Over 3% as China Slowdown Weighs
Brent crude oil fell over 3 per cent on Monday as China's economic slowdown dented the outlook for demand, with traders placing record bets on even lower prices as they increasingly lose faith in a significant market recovery.
