Oil dives 5% to six-month low under $50 on China worry
Oil prices lurched 5 percent lower on Monday to their lowest since January, taking global benchmark Brent below $50 a barrel as weak factory activity in China deepened a commodity-wide rout.
Aug 04, 2015, 04:47 AM ISTOil suffers second day of steep sell-offs
Oil prices dived Monday, with Brent crude tumbling about five percent, after new data showed weakening US and Chinese manufacturing and amid worries about the global supply glut.
Aug 04, 2015, 02:01 AM IST