Oil prices dramatically dropped as markets opened on Sunday, down more than 25 per cent after a 10 per cent drop on Friday.
Oil prices dramatically dropped as markets opened in Asia on Monday, down more than 25 per cent after a 10 per cent drop on Friday.
West Texas Intermediate crude fell $9 US to $32 and international benchmark Brent fell $11 to $34.
It was the largest single-day drop since 1991.
OPEC and key ally Russia failed to agree Friday on a cut to oil production that would have contained the plunge in the price of c