Showing posts with label threatening to dip below $40 a barrel since 1986. Show all posts
Showing posts with label threatening to dip below $40 a barrel since 1986. Show all posts

Saturday, 22 August 2015

Oil sinks to $40, logs longest weekly losing streak in 29 years

US oil prices dived again yesterday, threatening to dip below $40 a barrel for the first time since the financial crisis and notching their longest weekly losing streak since 1986, as a drop in Chinese manufacturing rattled global markets.