Oil Prices Plummet Further Amid Steep Weekly Declines
Oil prices continued their decline on Wednesday after steep losses in the previous two trading sessions.
Brent crude futures dropped 92 cents, or about 1.2 percent, to $78.44 a barrel by 0330 GMT.
This follows a week of significant declines, with Brent crude down more than 12 percent and US West Texas Intermediate (WTI) down over 11 percent.