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Friday, 14 November 2014 - 13:35
Brent crude oil price falls below $80 a barrel
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The price of Brent crude oil has fallen 3.60 dollars to 77.52 dollars, its lowest level for four years.

The benchmark US crude oil price is also at a four-year low, after losing 2.57 dollars to close at 74.28 dollars.

The price has fallen sharply since the summer and is 30% below its June price.

The drop comes as traders believe members of the Opec oil exporting countries, which control about 40% of world oil exports will not cut production.
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