Benchmark Brent crude falls below $38 a barrel,dragging FTSE 100 index and Dow Jones lowerThe City was left nursing its losses after a week of turmoil in commodity and stock markets that wiped £73bn off the value of UK shares.
Oil prices were in freefall on Friday, a fresh day of turbulence that followed a forecast from the International Energy Agency (IEA) that a glut of crude will persist for another year. Crude prices continued falling in modern York after London’s FTSE 100 closed 135.27 points down at 5952.78 – its lowest level since late September.
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Source: theguardian.com