Tuesday, January 12, 2016

Oil prices sink below $32; lowest in 12 years


Agence France-Presse 07:07 AM January 12th, 2016
http://business.inquirer.net/205397/oil-prices-sink-below-32-lowest-in-12-years

NEW YORK, United States — World oil prices fell below $32 a barrel on Monday for the first time in 12 years amid signs that Iran could be free to increase exports within weeks.
In New York trade, US benchmark West Texas Intermediate for February delivery slumped $1.75 to $31.41 per barrel, a level last witnessed on December 23, 2003.

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