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Oil slides below US$30 to near 12-year low as China turmoil rattles investors

Friday, January 8, 2016 - 05:50
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The price of crude sold by Organization of the Petroleum Exporting Countries (Opec) members slid below US$30 a barrel, the lowest level in almost 12 years, as turmoil in Chinese markets deepened the global commodities rout.

London

THE price of crude sold by Organization of the Petroleum Exporting Countries (Opec) members slid below US$30 a barrel, the lowest level in almost 12 years, as turmoil in Chinese markets deepened the global commodities rout.

The daily basket price of crudes produced by the 13