The Guardian | Oil prices crash to 11-year low The Guardian The global oil benchmark fell 5% to $34.62 a barrel at one stage, as signs of weakness in the Chinese and US economies soured expectations of stronger oil demand. The refusal of leading oil producers such as Saudi Arabia to cut their output has also ... Kilduff: Time for an oil-industry bailout? Brent crude oil slides below $35 for first time since 2004 Oil price falls below $35 a barrel to fresh 11-year low |