The Guardian | Commodity crunch: Brent crude oil plunges through $40 – as it happened The Guardian The slump in oil and iron ore has sent commodity companies, and by extension stock markets, sharply lower again. Even a revival in the oil price - Brent crude is currently down 0.9% at $40.34 a barrel after earlier falling as low as $39.81 - failed to ... Oil steadies after hitting 2009 lows; more pressure seen Oil Prices Waver After Dipping Below $40 Midday Report: Wall St. Slumps as Oil Prices Continue to Fall |