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Brent oil falls under $40 for first time since 2009
Tuesday, December 8, 2015 8:50
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London (AFP) – Brent crude prices sank under $40 on Tuesday for the first time in almost seven years, rocked by OPEC's recent decision to maintain oil output levels despite a chronic supply glut.
European benchmark oil contract Brent North Sea oil for delivery in January tumbled to $39.81 a barrel — the lowest point since February 2009.
Sentiment was also soured by weak demand growth, the strong dollar and a broader collapse in other commodity markets.
New York's West Texas Intermediate for January hit a similar low at $36.64 on Tuesday, having already breached $40 last week …. http://finance.yahoo.com
Source: http://luismmx.blogspot.com/2015/12/brent-oil-falls-under-40-for-first-time.html
