Brent oil slumps under $35 for first time since 2004
Brent oil slumps
London - Arab Today
Brent oil prices tumbled Wednesday underneath $35 for the first time in 11 years, plagued by abundant oversupply and amid the ongoing row between key producers Iran and Saudi Arabia.
At about 1030 GMT, European benchmark Brent North Sea crude oil for February delivery sank to $34.83 per barrel-- the lowest level since July 1, 2004.
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