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Oil prices tumble 12%

Source: Pixabay

The drop in oil prices accelerated on Wednesday, with the price of the main international oil contract falling by more than 12 percent.

Brent was down by 12.4 percent to $112.15 per barrel at 1849 GMT, while the main US contract, WTI, tumbled 11.4 percent to $109.59 per barrel.


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Agence France-Presse (AFP) is a French state-owned international news agency based in Paris. It is the world's oldest news agency, having been founded in 1835 as Havas.

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