The Globe and Mail | Oil falls 7 per cent to new lows; could hit $20 on China woes The Globe and Mail A brutal new year selloff in oil markets deepened on Monday, with prices plunging as much as 7 per cent to new 12-year lows as further ructions in the Chinese stock market threatened to knock crude as low as $20 (U.S.) a barrel. On Monday, China's ... US oil settles down $1.75, or 5.28%, at $31.41 a barrel US Oil Prices Flirt With $31 a Barrel Crude reckoning: what will oil price slump mean for the global economy? |