MOSCOW (Sputnik) — According to the market data, February WTI crude futures sank by over 4 percent, falling briefly to $29.96 a barrel, the lowest notch in 12 years, and stood at $30.13 per barrel as of 19:15 GMT.
Recent turbulence in the Chinese stock market has caused a knock-on effect across the world. China's trade suspension last week was followed by Wall Street sliding one percent and European stock markets slumping by two percent.
