Oil Price: Brent Crude Hits 11-Year LowDecember 21, 2015 1:43 pm
We spotted this stat today:
“Oil prices have fallen to levels not seen since 2004, surpassing the lows seen during the recession of 2008.
Brent crude sank to $36.05 a barrel – its weakest since July 2004 – before recovering slightly to $36.47.
A global oversupply has dramatically driven down the price of oil, with suppliers failing to reach agreements to address the glut.”