Thursday 25 October 2018

Oil prices fall as stock markets plunge | Reuters

Oil prices fall as stock markets plunge | Reuters:

Oil prices fell on Thursday as Asian and European stock markets plunged in the wake of Wall Street’s biggest daily decline since 2011, with investors shedding risk in an uncertain political landscape. 

Brent crude oil LCOc1 fell 82 cents, or 1.1 percent, to a low of $75.35 before recovering a little to trade at $75.87 by 0900 GMT. The global benchmark has lost more than $10 a barrel since hitting a high of $86.74 on Oct. 3.

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