Oil prices continue slide and analysts say bottom not yet in sight
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
New York
THE continuing collapse in commodity prices pushed oil futures still lower on Monday, and analysts predicted that the slide was far from over.
Oil prices fell to their lowest level in 12 years; futures of West Texas intermediate crude for February delivery settling at US$31.41 a barrel, down 5.3 per cent. Oil futures, which lost 30 per cent last year, have declined every day of 2016. Brent oil, the main international benchmark, lost 6.5 per cent and closed at US$31.55 a barrel.
Share with us your feedback on BT's products and services
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
