US crude falls below $28 as IEA warns market could ‘drown in oil’
SINGAPORE: US crude tumbled below $28 a barrel in Asia on Wednesday, hitting new 12-year lows, after the International Energy Agency (IEA) warned that the oil market could “drown in oversupply”.
About the Author
Syed Ammar Alavi - is Lahore (Pakistan) based journalist & writer with 25-year experience in print, wire and broadcast forms of journalism. His major fields of interest are politics, film,tv,sports, climate change and technology