The price of a barrel of Brent are indeed briefly fell below fateful Wednesday in London during the electronic post-meeting, making a lowest for 16 months.
The reasons for such a "fiasco": strengthening fears of recession and a new meeting of panic on Wall Street.
Towards 21h10 GMT, a barrel of Brent North Sea for delivery in November s'échangeait to 70.34 dollars, losing 4.19 dollars compared to its closing price on Tuesday.
The courses are dropped to 69.97 dollars after closing Wednesday - to 70.80 dollars - a floor that had been observed since June 2007.
The price of a barrel has lost more than half its value since July 11, when it reached the historic record of 147.50 dollars.
The New York Stock Exchange Wednesday experienced its worst session in more than twenty years. Its flagship index, the Dow Jones fell by 7.87%, its worst drop since October 1987 as a percentage, or 733.08 points to 8577.91 points.( Finance Information City )
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