Oil Prices falls below $30
Nigerian oil minister Emmanuel Ibe Kachikwu (L) speaks during the UAE Energy Forum meeting in Abu Dhabi, on January 12, 2016 ©Marwan Naamani (AFP)

US crude prices fell below $30 a barrel for the first time in 12 years on Tuesday as OPEC member Nigeria called for an emergency meeting to address collapsing prices.
New York’s benchmark West Texas Intermediate (WTI) for February delivery fell to $29.93 a barrel, a level last seen in December 2003.
Prices pulled back slightly at the end of trade to end 97 cents lower at $30.44 a barrel.

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