Oil continues fall, slumps to lowest since 2003

Dubai – Mubasher: Global oil prices fell on Friday to continue their negative performance at a stronger pace since the OPEC meeting during which the cartel members failed to reach an agreement on output ceiling.

Crude price declined by 1.34% or $0.47 to reach $34.50 per barrel, which is the lowest level since 2003.

Brent also dropped by 0.62% or $0.23 to reach $36.84.

Mubasher Contribution Time: 18-Dec-2015 12:11 (GMT)