You're reading: Agence France-Presse: Brent oil sinks under $60 on mounting global tensions

Agence France-Presse: Brent oil sinks under $60 on mounting global tensions

By Agence France-Presse.
This file picture dated June 2, 2006 shows the Rosneft oil refinery plant in the town of Gubkinsky in west Siberia.
Photo by AFP PHOTO/ DELPHINE THOUVENOT

LONDON - Oil faced another dizzying plunge on Dec. 16, with Brent crude sliding to a five-year low under $60 as markets were rocked by shrinking Chinese manufacturing output and turmoil in Russia.

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