Oil prices hit fresh 12-year low under $28 a barrel

Oil prices sank to a 12-year low, falling under $28 a barrel in early Asia trade Wednesday, as a glut continues to weigh on markets.

On the New York Mercantile Exchange, light, sweet crude futures for delivery in February CLG6, -3.48%   traded at $27.56 a barrel, down 90 cents, or 3.2%, in the Globex electronic session. This is the lowest intraday level since September 2003.

March Brent crude LCOH6, -2.09%  on London’s ICE Futures exchange fell 53 cents, or 2%, to $28.19 a barrel.

For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my