Tuesday, January 19, 2016

How Low Can it Go? Oil Price Slump Pressures Gulf Arab States


The price of Brent crude oil – an industry benchmark – fell below $28 a barrel for a while on Monday before recovering slightly. The last time it was that low was in 2003.

The oil market is already oversupplied and added to that glut will be millions of barrel of crude from Iran after the lifting of sanctions.

Click here for the full article. 

Source: Euronews

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