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    UTT Season 6: Rising star Yashaswini topples China’s Fan Siqi as U Mumba beat Chennai Lions

    UTT Season 6: Rising star Yashaswini topples China’s Fan Siqi as U Mumba beat Chennai Lions

    VPTL 2025: Md. Faiz’s knock guides Pagariya Strikers to second win

    VPTL 2025: Md. Faiz’s knock guides Pagariya Strikers to second win

    Chinnaswamy stampede case: K’taka govt increases compensation amount to Rs 25 lakh

    Chinnaswamy stampede case: K’taka govt increases compensation amount to Rs 25 lakh

    FIH Pro League: Harman slots opener but India slump to 1-2 loss against Netherlands

    FIH Pro League: Harman slots opener but India slump to 1-2 loss against Netherlands

    As kids, we understood Lord’s history and how well Australia embraces it, says Hayden

    As kids, we understood Lord’s history and how well Australia embraces it, says Hayden

    VPTL 2025: Meshram’s stellar knock helps NECO Master Blaster beat Nagpur Titans by 9 wkts

    VPTL 2025: Meshram’s stellar knock helps NECO Master Blaster beat Nagpur Titans by 9 wkts

    India not looking to rest on past laurels against Hong Kong, says Sandesh Jhingan

    India not looking to rest on past laurels against Hong Kong, says Sandesh Jhingan

    Let Lamine Yamal grow without pressure for the sake of football, says Cristiano

    Let Lamine Yamal grow without pressure for the sake of football, says Cristiano

    UTT Juniors: U Mumba TT set to take on Kolkata ThunderBlades in final

    UTT Juniors: U Mumba TT set to take on Kolkata ThunderBlades in final

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    UTT Season 6: Rising star Yashaswini topples China’s Fan Siqi as U Mumba beat Chennai Lions

    UTT Season 6: Rising star Yashaswini topples China’s Fan Siqi as U Mumba beat Chennai Lions

    VPTL 2025: Md. Faiz’s knock guides Pagariya Strikers to second win

    VPTL 2025: Md. Faiz’s knock guides Pagariya Strikers to second win

    Chinnaswamy stampede case: K’taka govt increases compensation amount to Rs 25 lakh

    Chinnaswamy stampede case: K’taka govt increases compensation amount to Rs 25 lakh

    FIH Pro League: Harman slots opener but India slump to 1-2 loss against Netherlands

    FIH Pro League: Harman slots opener but India slump to 1-2 loss against Netherlands

    As kids, we understood Lord’s history and how well Australia embraces it, says Hayden

    As kids, we understood Lord’s history and how well Australia embraces it, says Hayden

    VPTL 2025: Meshram’s stellar knock helps NECO Master Blaster beat Nagpur Titans by 9 wkts

    VPTL 2025: Meshram’s stellar knock helps NECO Master Blaster beat Nagpur Titans by 9 wkts

    India not looking to rest on past laurels against Hong Kong, says Sandesh Jhingan

    India not looking to rest on past laurels against Hong Kong, says Sandesh Jhingan

    Let Lamine Yamal grow without pressure for the sake of football, says Cristiano

    Let Lamine Yamal grow without pressure for the sake of football, says Cristiano

    UTT Juniors: U Mumba TT set to take on Kolkata ThunderBlades in final

    UTT Juniors: U Mumba TT set to take on Kolkata ThunderBlades in final

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Home Economy

Oil gushes to new 12-year low

Lakshmi Puri by Lakshmi Puri
January 12, 2016
in Economy, Share Market
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ProMASS News Bureau: Jan 12, 2016:

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Global crude oil prices plunged overnight to a fresh 12-year low. US West Texas crude fell 1.50 dollar to 31.37 US dollars a barrel, its lowest level since December 2003. The global benchmark Brent price slumped 6.6 per cent to 31.31 dollars a barrel.

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The falls extended this year’s 15 per cent slide, in little more than a week of trade. Traders are betting the world’s second largest consumer of oil China will demand much less of the commodity in 2016 The price of oil is falling because of both demand and supply problems.

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