The price of a barrel of brent crude oil fell below $100 overnight, for the first time since July 2012. The fall of over three per cent echoes a general decline in commodities values over the past two days of trading. Our reporter Tim Wallace:
Gold crashed nine per cent yesterday in the market’s worst two-day performance since 1983, ending a decade-long boom and entering bear market territory.
The surprise dramatic collapse led a dip in other commodities and shares.
Commodities suffered with silver down 0.41 per cent to $22.78 and WTI crude oil down 4.27 per cent to $87.20.