OIL PRICES DOWN
US crude prices plunged below $40 a barrel for the first time since the financial crisis on Friday, amid increasing signs the year long oil rout still has further to run.
Brent, the international benchmark, also fell to its lowest since March 2009, touching $45.10 a barrel.
The latest bout of selling came after Baker Hughes data showed an increase in the number of rigs drilling for oil in the US.
The resilience of the US shale industry has prolonged an oil glut that has sent the energy sector into turmoil, as many see low prices persisting for…
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