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Business Matters: The Price of Oil Falls to an 11 Year Low

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The price of oil falls to an 11 year low

07/01/2016 GMT

The Price of Oil Falls to an 11 Year Low

BBC World Service - Business Matters, The Price of Oil Falls to an 11 Year Low

Brent crude oil, has fallen by 4% in a single day and now stands at under $35 a barrel.

The global benchmark, Brent crude oil, has fallen by 4% in a single day and now stands at under $35 a barrel. It's the lowest level since 2004.

The price of oil just keeps on tumbling. The global benchmark, Brent crude oil, has fallen by 4% in a single day and now stands at under $35 a barrel. It's the lowest level since 2004. Nicole Friedman, energy market reporter for the Wall Street Journal, gives us her reaction to today's sharp fall.

The computers, televisions and fridges disposed of by people in Europe and North America, often end up on huge dumps in developing countries. One of the world's biggest electronic waste mountains is in Accra, Ghana. The BBC's Ed Butler reports from there.

Later this month British MPs are to debate whether Donald Trump should be banned from coming to the UK. A petition calling for the action was signed by half a million people after Mr Trump, the leading contender in the Republican presidential race, called for a temporary ban on Muslims entering the United States.

We'll also be taking a look at the success of the US video streaming company Netflix. It's just switched on its service in 130 new countries - making it available virtually everywhere.

We discuss all that and much more with our guests from either side of the Pacific, Peter Morici from the University of Maryland in Washington DC, and Angela Mancini from Control Risks in Singapore.

(Photo: A workshop technician at Oilfield technology company Plexus, in Aberdeen, Scotland. Credit: AFP)

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