Prices of Brent crude fell down today to their weakest since 2008 on renewed worries over a global oil glut, with production around the whole world remaining at or near record highs and new supplies looming from Iran and the US(United States).
Brent futures fell down as low as $36.32 per barrel in overnight trading near 0000 GMT, the weakest since 2008, before edging back to $36.49 per barrel by 0203 GMT.
Brent futures fell down as low as $36.32 per barrel in overnight trading near 0000 GMT, the weakest since 2008, before edging back to $36.49 per barrel by 0203 GMT.
U.S. West Texas Intermediate (WTI) futures went down by 20 cents at $34.53 per barrel and close to Friday's last week 2015 lows.
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