Oil Prices Slump to 11-Year Lows in Asia and Europe

December 21, 2015 12:44 PM

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Oil Prices Slump to 11-Year Lows in Asia and Europe

Oil prices hit 11-year lows in Asia and Europe on Monday, as a glut of crude on world markets and the recent global climate accord continue to depress fossil-fuel prices.

Brent crude oil, the international benchmark, was trading at $36.54 per barrel at midday in Europe.

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