EXTERNAL EXPANSION LIMITED

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Friday 7 November 2014

#Ireland: Oil drops to four year low on back of rising supply


Glut in oil sees price of barrel drop to $82 with $80 now on horizon

The price of oil continues to fall as a global supply glut grows. (Photograph: Brian Snyder/Reuters)
The price of oil continues to fall as a global supply glut grows. (Photograph: Brian Snyder/Reuters)



Brent oil dropped to a new four-year low below $82 a barrel on Wednesday, a fifth straight day of losses, as weak economic data from China and Europe intensified worries about demand as a global supply glut grows... (Read more)

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