Oil price crash accelerates, with pain spreading to major crude exporters' currencies and shares in energy producers
The crash in global oil prices accelerated Tuesday, as pain spread to currencies of major exporters and shares in energy producers.
Brent crude futures, the international benchmark for oil markets, plunged 28% to $18.31 a barrel, their lowest level since 2002. The decline came a day after the price of West Texas Intermediate, the U.S. crude benchmark, dropped below zero for the first time in history.
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