| The use of oil in every part of our daily lives means consumers are dependent on the market. Oil prices affect our daily lives, as consumers, drivers and commuters - but the new 12-year low in the cost of a barrel is an unusual situation.
With the lifting of sanctions against Iran, the market, already oversupplied, is expected to be flooded. It's the anticipation of this which pushed the price of Brent crude down below $28 - or £19.60 - on Monday...............................................Full Article: Source
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