OPEC Basket Crude Price Crashes Below $30 – Lowest Since 2004

Thursday, January 7, 2016
By Paul Martin

by Tyler Durden
ZeroHedge.com
01/07/2016

With WTI trading with a $32 handle, collapsing below December 2008’s $32.40 lows briefly overnight, OPEC’s broad basket price for crude has also reached a worrisome milestone. Amid Saudi price cuts to Europe, the basket price was set at $29.71 today – the first print below $30 since April 2004.

The Rest…HERE

This entry was posted on Thursday, January 7th, 2016 at 2:04 pm and is filed under Economics, Oil, World Politics. You can follow any responses to this entry through the RSS 2.0 feed.

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