Oil crumbles, bond prices up on economy fears


  • Business
  • Wednesday, 15 Oct 2014

On Tuesday, Brent futures last traded down 4% at US$85.32 a barrel, having hit a low of US$84.48. US crude fell 4.2% to US$82.12 - EPA Photo.

NEW YORK: Brent crude prices marked their biggest decline in more than three years on Tuesday and US and German debt attracted buyers on lingering anxiety over world economic growth.

Wall Street struggled to maintain gains, after rising more than 1% earlier, as energy shares slid to enter a bear market.

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