The Guardian | Oil price falls to 11-year low with global glut expected to deepen in 2016 The Guardian The latest fall in prices was prompted by concerns that a market already awash with oil from the two biggest suppliers – Saudi Arabia and Russia – would receive additional supply from the lifting of sanctions against Iran and the ending of a 40-year US ... Crude oil sinks to 11-year low Oil prices have now crashed through their 2008 low, and worse is likely to come Oil Prices Slump to 11-Year Lows in Asia and Europe |