Update: Shell and BP have tumbled to the bottom of the FTSE 100, wiping out the index’s gains, as the oil price dived to near seven-year lows amid the fallout from OPEC’s decision not to cut production. The price of Brent crude has tumbled 3.3% to $41.58, the lowest level since the early months of 2009, amid fears over a continued supply glut following the cartel of oil-producing countries’ failure to cut supply last week…
[Source: CityWire Money – December 7, 2015 – Daniel Grote]
