Speed Reads

Going down

Oil prices plunge below $80 a barrel — a four-year low

Crude oil prices dropped below $80 per barrel on Thursday for the first time in four years. The price of brent crude had already fallen by 30 percent since June before decreasing by another $2.46 on Thursday, to $77.92 per barrel. The decline came as China, the world's second biggest economy, released data on factory output and investment growth that supported recent indications it was headed for its weakest growth in two decades this year. Read more at Reuters.