Brent Crude Price Crashes Below $30 A Barrel

The price of a barrel of Brent crude has crashed through the $30 mark to a new near 12-year low as the global oil slump shows no sign of abating. The glut of oil being pumped out by the US and other producers, combined with slowing world demand from the likes of China, has weighed heavily on the price of oil and other commodities. Meanwhile, speculation that there might be an emergency meeting of oil-producing OPEC nations to try to tackle the slump faded on Wednesday when Iran’s oil minis