Oil plunges to $ 33, the lowest in 11 years 1/7/2016
Oil plunges to $ 33, the lowest in 11 years
1/7/2016 0 Comments
Brent global benchmark crude contract plunged to a new low levels in 11 years during the Asian trading on Thursday as concerns about China's economy increased concerns of inflation and ample supply.
And landed Brent prices to the nearest maturity to $ 33.05 a barrel at 06:11 GMT, its lowest level since July 2004.
As the US measurement WTI contracts median dropped to $ 32.77 a barrel, the lowest level since 2009, before recovering to 33.24 Dolar.