Getty ImagesOil prices have dropped to their lowest level in over eight months amid fears about a slowdown in demand.
International benchmark Brent crude dropped almost 7% to $65.11 (£50.24) a barrel, its lowest level since March.
US oil – known as West Texas Intermediate – fell over 7% to $55.69, its lowest level since November last year and the twelfth day it has fallen.
The latest falls came after oil cartel Opec reduced its forecast for global oil demand next year.
Opec now expects world demand to grow 1.29m barrels a day next year, about 70,000 barrels a day lower than last month’s forecast.
Saudi Energy Minister Khalid al-Falih had already said…
