ITV News | Sliding Oil Price Could See '£1 Petrol' Return Sky News In the US, crude oil is facing its longest run of weekly declines in almost three decades. US crude dropped 30 cents by 9am this morning in London, to reach $41.02 a barrel. Brent North Sea crude was down to $46.42 after settling 54 cents lower on ... Supermarkets slash petrol prices with more cuts predicted due to falling oil ... Key Reasons Why Crude Oil Prices Plunged to 7-month Lows |