Oil dropped to the lowest in 12 years as turmoil in China’s markets pushes crude closer to $30 a barrel.
West Texas Intermediate crude fell 2.1 percent on concern that the economic slowdown in the world’s biggest commodity consumer is worsening. The rout eased after China’s regulator suspended a circuit-breaker rule that halted trading automatically. Saudi Arabia is considering selling a stake in its state-owned company, which controls more than a tenth of the global oil market, Mohammed bin Salman, the kingdom’s deputy crown prince, said in an interview with The Economist.
