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Friday, 15 August 2014 - 12:58
Global crude oil prices down.
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Oil prices tumbled with the US benchmark dropping 2.1 per cent, as investors weighed a mounting batch of weak economic data from around the world.

The main US futures contract, West Texas Intermediate for September delivery, tumbled 2.01 dollars to close at 95.58 dollars a barrel, its lowest level since January.

European benchmark Brent North Sea crude for delivery in September dropped 2.27 dollars.

That marked its lowest closing level since late June 2013.

The market reacted to data showing growth in the 18-country eurozone stalled in the second quarter.
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