Falling shares around the world
Simon Gergel, manager of the Merchants investment trust, forecasts a much tighter oil market this year and beyond, with a return to higher prices at some point.
Oil price slipped below $30 a barrel in January
Could change OPEC sentiment
Monitoring developments in other oil-exporting nations
A global price war in crude oil saw the price per barrel drop below $28 this month, as a supply glut and weak global growth continue to hammer the commodities sector as a whole.