- Brent, the global benchmark, was down 1.6% at $58.15 a barrel, its lowest since late October 2017, on London's Intercontinental Exchange
Market news
29 November 2018
Brent, the global benchmark, was down 1.6% at $58.15 a barrel, its lowest since late October 2017, on London's Intercontinental Exchange
On the New York Mercantile Exchange, West Texas Intermediate futures were down 1.1% at $49.75 a barrel, falling below $50 a barrel for the first time in almost 14 months.
Oil prices were hit by another wave of heavy selling Thursday, with fears of climbing production dragging the two most popular benchmarks to lows not seen in more than a year.
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