Oil hits 15-month low as markets fret over global economy - business live
(The Guardian Business News)

Rolling coverage of the latest economic and financial news, as stocks suffer their worst December in decadesLatest: More fund managers expect global growth to weakenIFO survey shows German confidence downFTSE 100 falls in early tradingInvestors worried about global economy, and Fed rate hikesAsia-Pacific stocks drop as Xi disappoints 4.16pm GMT Despite today´s small recovery, this month is turning into one of the worst December´s in Wall Street´s history.Indeed, Reuters has calculated that it could be the worst December since the Great Depression....The Dow is down 7.8% and the S&P 500 is down 7.6% this month. That`s the worst December performance since the Great Depression. https://t.co/tfsHna173T pic.twitter.com/7lQmisApfP 4.03pm GMT Global growth fears are sending the oil price sliding again.US crude has dropped below $48 per barrel for the first time since mid-September, 2017, extending recent losses.The oil price is just slipping to another fresh 15-month low. US crude has now lost 37% in the last 2.5 months. pic.twitter.com/rKe0lo8Naw Continue reading...