logo
 
Oil prices closed below 30 US dollars a barrel for the first time since 2003 in New York trade today, as markets girded for exporter Iran's return after nuclear sanctions are lifted. The New York benchmark, West Texas Intermediate crude for February delivery, finished at 29.42 US dollars a barrel, down 1.78 US dollars the previous day, but above its low of 29.13 US dollars. 
The steep drop came on the back of key oil importer China's economic slowdown and expectations that Iran will quickly begin exporting large amounts of crude when nuclear sanctions are removed, possibly early next week.

No Comments For This Post, Be first to write a Comment.
Leave a Comment
Name:
Email:
Comment:
Enter the code shown:


Can't read the image? click here to refresh

Todays Epaper

Mob lynching is continuously occurred in different parts of India. Is this threat to democracy?

Yes
No
Can't say