PREMIUM FEATURES

Oil slumps to three-week low

SLIDING global stock markets and continued uncertainty about world oil demand saw the oil price drop 4% to just over $US72 a barrel last night.

Marija Stojkovic

New York's Western Texas Intermediate settled down $US2.71 to $72.54/bbl, the lowest settlement in three weeks. Singapore's Tapis was also on the downward trend, dropping to under $US80/bbl. Yesterday's...

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