The Week UK | Oil price misses 11-year low – but for how long? The Week UK The oil price recovered in afternoon trading in New York yesterday, after coming close to 11-year lows earlier in the session. International benchmark Brent crude had earlier tumbled below $37 a barrel in London and settled just 13 cents above the $38 ... How low can oil prices go? Opec and El Niño take a bite out of crude's cost Oil industry cutbacks may not be enough US oil settles at $35.62 a barrel, plunges over 10% for week |