Sharp fall in crude oil prices

Name: Sharp fall in crude oil prices
Uploaded: 2016-01-07T15:29:58.000Z
Duration: 59 s
Description: Oil prices tumble to below $33 a barrel as a result of China's weakening currency and rising US energy stockpiles.

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The Asian market turmoil is having an impact on commodities around the world - especially crude oil prices.

Prices tumbled to $32.62 a barrel on Thursday as a result of rising US energy stockpiles and China's weakening currency.

The price of Brent crude was seen falling to fresh 11-year lows.

Andrew Walker explains.

Business

7 January 2016