![Oil prices down five percent in January as rising U.S. output offsets OPEC-led cuts Oil prices down five percent in January as rising U.S. output offsets OPEC-led cuts](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2016-02/41455617412_OilGasIndustry.jpg)
Oil prices down five percent in January as rising U.S. output offsets OPEC-led cuts
Brent crude futures, the international benchmark for oil prices, were trading at $55.25 per barrel at 0112 GMT, virtually unchanged from their last close.
Tue Jan 31 2017
![Oil slides to lowest since 2003 as Iran sanctions lifted Oil slides to lowest since 2003 as Iran sanctions lifted](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/http://img.astroawani.com/2016-01/71453098425_PetrolBahrain.jpg)
Oil slides to lowest since 2003 as Iran sanctions lifted
Oil prices hit their lowest since 2003 on Monday, as the market braced for a jump in Iranian exports after the lifting of sanctions against the country.
Mon Jan 18 2016