| An acceleration in the recent fall in oil prices has continued, as the international benchmark dropped by more than seven per cent to settle close to $42 a barrel on Monday after a rout on global equity and commodity markets. Brent was recovering slightly on Tuesday morning and stood at $43.42 a barrel, but this still remains well below the $45 nadir it had reached in January.
Having been at fresh six-year lows, the Financial Times suggests it could remain depressed as traders remain cautious over demand from China, the world's second-largest oil consumer, which is in the throes of a fresh financial panic, as well as resilient global exports that remain well ahead of consumption...............................................Full Article: Source
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