The price of Brent crude oil reached an all-time high above $145/barrel in July 2008. In January 2016, the price fell below $30/barrel for the first time since 2004. The price climbed in late 2016, after OPEC agreed to its first supply cut since 2008, closing at above $85/barrel in early October 2018, though has fluctuated since and has now closed at around $60/barrel since mid-November 2018.
Read Full News Story » UK Economic Indicators January 2019