Oil price in new fall
Monday, 13 October 2014
Oil prices have fallen again amid renewed worries about low global growth with Brent crude near four-year lows. Brent crude dropped to $87.74 a barrel, its lowest since December 2010, before recovering some ground to $88.12. US light crude oil was down $1.40 at $84.42, close to a two-year low. The prospect of weak economic growth cutting demand for oil has hit prices. In addition, key Opec producer Saudi Arabia has signalled it could cope with lower prices, according to BBC.