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Brent crude drops below $100 a barrel
A raft of weak figures from major oil consuming nations pushed the price of North Sea Brent Crude to below $100 a barrel this morning for the first time since June last year.
The ICE October Brent, an international benchmark for oil prices, fell 88 cents to $99.94 a barrel.
The drop came after data from China showed that although exports were higher than expected in August, imports slowed for the second month in a row, causing economists to worry about falling consumer demand.
Brent and US crude futures both fell more than $1 on Friday after data showed US jobs growth fell to 142,000 in August, way off analysts' expectations of 230,000 and the lowest figure so far this year.