Oil prices plunged by almost 30 per cent on Monday, after OPEC’s failure to strike a deal with Russia regarding production cuts - it's steepest one-day fall since the 1991 Gulf War.
Saudi Arabia's move to raise crude output has impacted global stock markets, with London’s FTSE down 9 per cent. That followed are sharp sell-off in Asia, where Australian share fell 7 per cent.
By 8:45 am GMT, a barrel of Brent crude had recovered to around $36 a barrel - a decline of 20 per cent.


Trump says all trade talks with Canada are terminated
du reports AED732 million Q3 profit
Nakheel unveils premium waterfront villas at Palm Jebel Ali
Dubizzle Group delays planned IPO on Dubai Financial Market
Marjan, RAK Hospitality Holding announce landmark merger
