Oil extends plunge as brent falls below $85 on demand worries
Brent for December settlement was 0.6% lower at $85.33 a barrel.
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Brent for December settlement was 0.6% lower at $85.33 a barrel.
Oil held its sharp decline from the previous session on concerns that a slowdown in global growth will erode away consumption. West Texas Intermediate was steady near $84 a barrel after sinking 5.6 percent on Wednesday, the most since September last year. Crude’s drop was led by a plunge in gasoline after US data showed
The more-recent pullback in crude oil and gasoline has given bargain-hunting investors a chance to get on board.
Filling station profit margins in the spotlight again, as OPEC production cuts force the price of fuel up in September
Murray Auchincloss (pictured), who was BP's finance chief before stepping up said 'one person leaving does not change the strategy'.