Oil drops below $40 a barrel for second time in one week

The price of oil has dropped below $40 a barrel for the second time this week - the first time since 2009.

Published 11th Dec 2015

The price of oil has dropped below $40 a barrel for the second time this week, and for the first time since 2009.

The price continues to fall as the industry faces a tough time through the current downturn.

Last summer the price sat at $110 a barrel.

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