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Oil falls as Iran blunts freeze hopes

Oil falls as Iran blunts freeze hopes

Brent oil prices fell for a fourth consecutive session on Monday after Iran insisted it would not freeze crude output, returning investor attention to a global glut. 280 more words

Brent oil slumps under $35 for first time since 2004


An oil platform (background) and the loading buoy (foreground) in the North Sea, pictured on December 13, 2007. SCANPIX NORWAY/AFP/File

LONDON (AFP) – Brent oil prices tumbled Wednesday beneath $35 for the first time in 11 years, plagued by abundant oversupply and amid the ongoing row between key producers Iran and Saudi Arabia. 22 more words