Breaking: Oil prices fall to $30

Oil prices crashed as much as 30 per cent within seconds of the market opening on Sunday, as it has fallen to $30 per barrel.

Breaking_ Oil prices fall to $30 lailasnews

This came after Saudi Arabia launched an aggressive price war over the weekend, driving crude to its lowest level in four years.

U.S. West Texas Intermediate crude dropped 33.16% to $27.59 per barrel as of 04:23 GMT Monday. International benchmark Brent crude futures also plummeted 30.33% to $31.54 per barrel.

The sharp drop for oil sent shockwaves through global financial markets.

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