US sees lowest oil price of the century

Expiring futures and swelling stockpiles make the US benchmark oil drop by 17 percent Monday morning, while Brent's decline is markedly smaller.

BY RITZAU FINANS & MAZ PLECHINGER

The price of US West Texas Intermediate crude for delivery in May dives Monday morning by 17 percent. One barrel trades at USD 15.27, while Friday's price was USD 18.41.

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Oil trades under USD 30 again despite output cut deal
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