Steepest oil price drop in 15 years

WORLD oil prices fell sharply again this week to reach a six-month low of $US60 a barrel, as healthy US stockpiles and reduced tensions in Iran continued to calm markets.

Steepest oil price drop in 15 years Steepest oil price drop in 15 years Steepest oil price drop in 15 years Steepest oil price drop in 15 years Steepest oil price drop in 15 years

In the steepest decline in 15 years, crude oil futures have retreated more than $17 from the July record high of $78.40/bbl.

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