Investing.com –
fell to a new 12-year low on Thursday as the prospect of more oil supplies from Iran loomed, amid gloom over a world already awash with supply and concerns about global economic growth.
The global benchmark dropped as far as $29.73, the lowest since February 2004 before pulling back to $30.41 a barrel at 11.58 GMT.
rose to $30.75 after falling earlier in the day.
U.S. oil is trading at a rare premium to Brent, reflecting the hit that the global benchmark is taking with potentially…
Brent falls below $30 to another 12-year low
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