Oil Collapses Close to $30 per Barrel
[ALMANAR.LB] Oil dived Tuesday close to $30 on abundant crude supplies, as OPEC member Nigeria called for an emergency meeting to address collapsing prices that have ravaged revenues.
In late afternoon deals, New York's benchmark West Texas Intermediate (WTI) for February delivery tanked to $30.10 a barrel, which was the lowest level since December 2, 2003.
Europe's Brent North Sea crude for February had earlier dived to $30.43, a point last seen on April 6, 2004.
Posted by: Fred 2016-01-14 |